The current price of Ethereum (ETH) is approximately $1,908 as of Wednesday, Aug. 12, 2026, up about 1.4% over the past 24 hours and roughly 2.9% over the past week.
The second-largest cryptocurrency is moving higher alongside Bitcoin as traders position for the latest U.S. inflation report, which could influence whether the Federal Reserve raises interest rates again at its September meeting.
Ethereum Price
Ethereum price (ETH to USD)
$1,908
Market capitalization
230.21 billion
Market rank
#2
Circulating supply
120.68 million ETH
2025 high
near $5,000
Why is Ethereum moving today?
Ethereum is benefiting from the broader recovery in crypto markets as investors await July’s U.S. Consumer Price Index data. Economists expect headline inflation to ease to 3.4% annually from 3.5% in June, while prices are forecast to rise just 0.1% month over month.
A softer-than-expected inflation reading could weaken the case for another Fed rate hike, which would generally improve the backdrop for risk assets such as cryptocurrencies.
Ether also tends to move in the same broad direction as Bitcoin, which was trading about 1% higher near $64,200 on Wednesday. Bitcoin remains the crypto market’s largest asset and often sets the direction for sentiment across major altcoins.
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Ethereum-specific institutional demand is also providing some support. U.S. spot Ether ETFs recorded 26,060 ETH of net inflows on Aug. 7, followed by net outflows of about 7,650 ETH on Aug. 10 and 908 ETH on Aug. 11, according to CoinGlass. Despite the recent withdrawals, spot Ether ETFs collectively hold about $13.7 billion in assets under management.
ETH remains down roughly 35% in 2026 and more than 50% over the past year, leaving the cryptocurrency well below its 2025 peak near $5,000.
What is the price of Ethereum today?
As of August 12, 2026, one Ether is worth approximately $1,908, trading 1.40% higher on the day and 2.25% higher over the past week. ETH remains well below its 2025 high near $5,000.
What is Ethereum's market cap?
Ethereum's market capitalization is about $233 billion, making it the second-largest cryptocurrency after Bitcoin.
Unlike Bitcoin, Ethereum has no fixed maximum supply; its roughly 122 million circulating coins are affected by both new issuance and the fee-burning mechanism introduced in 2021.
Ethereum price in other currencies
As of August 7, 2026, Ethereum is trading at roughly €1,650 (EUR), £1,415 (GBP), CA$2,660 (Canadian dollar) and ₹181,600 (Indian rupee), based on prevailing exchange rates.
What is Ethereum?
Ethereum is a decentralized, open-source blockchain launched in 2015 by a group including Vitalik Buterin. Its native token, Ether (ETH), powers the network and pays for transactions.
Ethereum popularized smart contracts — self-executing programs that underpin most of decentralized finance (DeFi), NFTs, stablecoins and tokenization. In 2022, Ethereum shifted from proof-of-work to a more energy-efficient proof-of-stake system in an upgrade known as "The Merge."
Disclaimer: This article is for informational purposes only and is not investment, financial, or tax advice, or a recommendation to buy or sell any asset. Prices are accurate only as of the time of writing and can change without notice. Cryptocurrencies are highly volatile and can result in loss of capital — do your own research before investing.