Ethereum price today

The Ethereum price is the most-watched price in the crypto market after Bitcoin; Ethereum is not just a cryptocurrency but a platform on which thousands of tokens, decentralized exchanges and financial applications have been built. On this page you can see the live price of Ether (ETH) against Tether and its candlestick chart, and further down you will learn how the Ethereum network works, its supply mechanism, gas fees, the factors that affect its price, and security and access tips for Iranian users.

What is Ethereum?

Ethereum is a public, decentralized blockchain that, in addition to transferring money, allows "smart contracts" to run: programs stored on the blockchain that execute without intermediaries once their defined conditions are met. The network's native currency is "Ether" with the ticker ETH, although in everyday language the currency itself is also called Ethereum. Ether is the network's fuel: every transaction and every smart contract execution must pay its fee in Ether.

The idea of Ethereum was proposed in a white paper in late 2013 by Vitalik Buterin, a Russian-Canadian programmer. Several other co-founders helped build it, including Gavin Wood, who wrote the detailed technical specification of the protocol. The project raised funds through a public token sale in 2014, and the mainnet launched in July 2015.

Milestones in Ethereum's history

• 2016 – The DAO incident: A large smart contract was hacked, and the Ethereum community returned the funds through a hard fork. A group that opposed this decision continued the original chain under the name "Ethereum Classic".
• 2021 – The London upgrade: The EIP-1559 proposal changed the fee structure and permanently burns part of every transaction fee (the base fee).
• September 2022 – The Merge: Ethereum moved from proof of work (mining) to Proof of Stake, and the network's energy consumption dropped dramatically.
• 2024 – ETFs: Spot Ether exchange-traded funds were approved in the US, opening a new path for institutional capital.

Uses of Ethereum

Ethereum is the infrastructure for a large part of the crypto world. Many stablecoins, including the ERC20 version of Tether, are issued on it. "DeFi" (decentralized finance), meaning lending, decentralized exchanges and liquidity pools, as well as non-fungible tokens (NFTs) and many project tokens run on Ethereum or networks compatible with it. The network's common token standard is called "ERC20".

Because the mainnet's capacity is limited and its fees rise when it is congested, "Layer 2 networks" have been built that process transactions outside the main chain and record the result on Ethereum. Arbitrum, Optimism and Base are among the best known of them and have lower fees.

Ether supply and staking

Unlike Bitcoin, Ether has no fixed supply cap. Since the Merge, new Ether is issued as a reward to "validators": those who have locked (staked) their Ether in the network to validate blocks. Running an independent validator requires 32 ETH, but staking services also allow participation with smaller amounts.

On the other side, burning the base fee removes part of the supply. The result of these two forces is that Ether's total supply sometimes rises slightly and sometimes falls, depending on network activity.

What factors move the Ethereum price?

1. Correlation with Bitcoin

In most periods, Ether has moved in the same direction as Bitcoin ; usually with higher volatility. So general crypto market news almost always affects Ether too.

2. Network activity and demand for block space

The more DeFi, stablecoins and tokens are used, the higher the demand for Ether as the network's fuel, and the more fees are burned.

3. Technical upgrades and competition

Every major Ethereum network upgrade usually draws the market's attention for a while. On the other side, competing blockchains such as Solana and Cardano compete with Ethereum to attract users and developers.

4. Macro conditions and regulation

US interest rates, global liquidity and regulators' decisions on cryptocurrencies affect the whole market, including Ether. Check the release times of important data in the economic calendar and central bank interest rates on the interest rates page.

If you trade Ether with leverage or in short-term trades, calculate your position size and stop-loss distance before entering; Teagle's trading calculator makes this easy. Ether's daily volatility is usually higher than Bitcoin's, and a sharp move can push a leveraged position to liquidation within minutes.

Transferring Ether and gas fees

The transaction fee on Ethereum is called "gas", and its price is measured in Gwei. This fee depends on network congestion and the complexity of the transaction; a simple Ether transfer is cheaper than interacting with a smart contract. A few tips before transferring:

• Ethereum addresses start with "0x", and the same format is used on compatible networks such as Layer 2s and BNB Smart Chain as well. A similar-looking address does not mean the same network; the withdrawal and deposit networks must be exactly the same.
• To move ERC20 tokens, you also need to have some Ether in your wallet to pay for gas.
• For small amounts, withdrawing via a Layer 2 network (if the destination supports it) usually costs less.

Security and access for Iranian users

With personal Ethereum wallets, never enter your recovery phrase on a website or Telegram bot. One of the most common ways assets are lost on this network is signing an "Approve" transaction for unknown contracts, which gives that contract permission to withdraw your tokens; read every transaction carefully before signing it.

On Iranian exchanges, Ether is usually traded against the Toman and Tether, and its Toman price is roughly the dollar price of Ether multiplied by the Toman rate of Tether. Foreign exchanges usually restrict or block the accounts of users identified as residents of Iran due to sanctions rules, and access to assets may be cut off for a while. Domestic exchanges also differ in fees, liquidity, Layer 2 network support and security; before choosing, see the crypto exchange comparison on Teagle. Follow the list of other cryptocurrencies in the crypto section and warnings about high-risk platforms in Risk Warnings .

The information on this page is for informational purposes only and is not a recommendation to buy or sell. Prices are obtained from the stated sources and may differ slightly from the rate on the exchange you use.