As of July 16, 2025, Ethereum (ETH) is trading at $3,163 (~₹2,71,470). With a circulating supply of 120.71 million ETH and no fixed maximum cap, Ethereum stands as the second-largest cryptocurrency after Bitcoin, both by market cap and ecosystem size.
First proposed in 2013 by Vitalik Buterin, Ethereum officially launched on July 30, 2015, as an open-source, decentralized blockchain platform with smart contract capabilities. Unlike Bitcoin, which focuses on decentralized money, Ethereum aims to power a decentralized internet — enabling the creation and execution of decentralized applications (dApps) across DeFi, NFTs, DAOs, and more.
Ethereum has undergone several major upgrades since launch — including London, Istanbul, and Berlin — and now operates under a Proof-of-Stake (PoS) mechanism after the transition via the Merge in 2022.

Ethereum has outperformed many assets in the current cycle due to key network, narrative, and ecosystem developments:
Despite strong fundamentals, Ethereum faces several headwinds that could weigh on price performance. If ETH spot ETF approvals are delayed or macroeconomic conditions tighten, capital could flow into more defensive assets like BTC. Additionally, competition from faster Layer 1s (e.g., Solana, Sui, Avalanche) and centralized chains could fragment developer and liquidity ecosystems.
In bear-case conditions:
| Year | Low Estimate | High Estimate | Reason |
| 2025 | $2,800 | $4,200 | Post-merge momentum, ETH restaking growth, L2 adoption |
| 2026 | $4,500 | $6,200 | ETF narrative, staking yields, increased enterprise use |
| 2027–2028 | $6,800 | $9,500 | Global dApp expansion, sharding rollout, L2 maturity |
| 2030 | $12,000 | $18,000 | Ethereum becomes the de facto decentralized cloud layer |
Ethereum is growing on the back of L2 adoption, institutional staking, and network efficiency. Despite competition, ETH remains the hub for most DeFi, NFT, and onchain innovation. EIP-4844 is already showing impact on gas optimization.
If spot ETH ETFs are approved in the U.S. or major jurisdictions, and staking continues to attract locked capital, Ethereum could see a major liquidity surge. More real-world assets and RWAs may start bridging onto Ethereum infrastructure by this time.
With sharding and full Danksharding potentially rolled out, Ethereum’s throughput and cost-efficiency could match newer competitors. ETH may continue gaining in status as programmable money and a productive asset. Institutional and retail confidence increases.
Ethereum becomes a foundational infrastructure layer for decentralized computing. The staking economy is mature, L2s are seamless, and new verticals like DePIN, onchain AI, and decentralized identity are deeply integrated into the Ethereum ecosystem. ETH’s scarcity (due to burning) and utility combine to push long-term price levels higher.
Ethereum continues to evolve as the backbone of decentralized applications and finance. With strong developer momentum, deflationary economics, and unmatched ecosystem scale, ETH is well-positioned for the long run.
Final Verdict: Ethereum remains the most comprehensive and credible Layer 1 ecosystem. Its blend of technology, adoption, and economic model makes ETH one of the top long-term assets in crypto.