Ethereum

The dominant programmable settlement layer, with ETH linking network usage, collateral demand and staking economics.

Reference price$1,908+1.5% over 24 hoursJul 29, 2026, 6:07 AM UTC

Market capitalization$230.26B

24-hour volume$9.79B

24-hour range$1,862–$1,925

All-time high$4,946-61.4% · Aug 24, 2025

The 360 Vantage

Thesis and failure mode

Qualitative MRTNZ judgment, explicitly separate from observed market data.

MRTNZ stanceCore platform exposureVery high risk

Constructive path

Layer-two scale, institutional tokenization and stablecoin settlement increase demand for Ethereum blockspace and ETH.

Failure mode

Value accrues to applications and rollups while base-layer fees and ETH monetary demand remain weak.

Observed performance

What the market has done

Returns are historical provider snapshots, not forecasts.

24 hours+1.5%

7 days-0.6%

30 days+20.8%

1 year-49.6%Trailing return

Token structure

Supply and dilution

Supply figures reflect provider-reported circulating, total and maximum units.

Circulating120.68M ETH

Total supply120.68M ETH

Maximum supplyNo fixed maximum

Max supply issuedNot applicable

Forward monitor

What matters next

These are the operating and market signals most likely to strengthen or invalidate the thesis.

01Blob and base-layer fee economics
02Stablecoin and tokenized-asset settlement
03Staking concentration and protocol roadmap

Evidence

Sources and method

Price, market capitalization, volume, performance, supply and all-time-high data come from CoinGecko’s July 29, 2026 UTC market snapshot. Project websites and explorers provide protocol context. MRTNZ stance, constructive path, failure mode and watch items are house judgment.

CoinGecko market page →Official project site →Network or token explorer →