Ethereum is a programmable blockchain secured by proof of stake; ether (ETH) pays the gas fees for every transaction and smart contract on it. Read on for its chart, market data, price history and what moves it.
Last trade on Bybit ETHUSDT spot
Price as of · streams live while this page is open
Latest price read: 16 Oct 2026, 16:55 ISTBybit ETHUSDT spot closes, each converted at its day's Tether price and ECB USD/INR reference rate.
Market cap, supply and all-time high: CoinGecko, read 16 Oct 2026, 16:55 IST. Volume: Bybit ETHUSDT spot. USDT converted to USD at Tether's price on CoinGecko (0.9992, 16 Oct 2026, 16:55 IST), then to INR at the European Central Bank's USD/INR reference rate (95.0600, for 15 Oct 2026; the ECB publishes on TARGET business days only).
| Period | Price then (INR) | Change to now |
|---|---|---|
| 24 hours ago | ₹224,450 | +5.30% |
| 7 days ago | ₹236,288 | +0.02% |
| 30 days ago | ₹229,714 | +2.88% |
| 1 year ago | ₹369,912 | -36.11% |
| Date (UTC close) | Close (INR) | Day change |
|---|---|---|
| 16 Oct 2026 | ₹236,339 | +1.90% |
| 15 Oct 2026 | ₹231,933 | +0.83% |
| 14 Oct 2026 | ₹230,015 | -3.06% |
| 13 Oct 2026 | ₹237,280 | +2.07% |
| 12 Oct 2026 | ₹232,466 | -3.53% |
| 11 Oct 2026 | ₹240,980 | +1.23% |
| 10 Oct 2026 | ₹238,051 | +0.75% |
Daily closes from Bybit ETHUSDT spot (00:00 UTC, 05:30 IST). Past prices are shown at today's conversion rate in these two tables; the chart above converts each point at its own day's rate. Past performance does not indicate future results.
Ethereum is a public blockchain that runs programs as well as payments. Those programs, called smart contracts, are the building blocks of stablecoins, lending markets, token exchanges and NFTs. Ether (ETH) is the network's own currency: every transaction and every contract call is paid for in it, which is why it is the second-largest cryptocurrency by market value.
Vitalik Buterin proposed Ethereum in late 2013 and built it with co-founders including Gavin Wood and Joseph Lubin. The network went live on 30 July 2015 after a public crowdsale. Development is coordinated by the Ethereum Foundation and many independent teams, with upgrades agreed through Ethereum Improvement Proposals.
Since the Merge on 15 September 2022, Ethereum has been secured by proof of stake. Validators lock up 32 ETH each as collateral to propose and attest to blocks, earn rewards for doing so, and lose part of their stake if they break the rules. Holders with less ETH can stake through pools or exchanges, taking on that provider's risk.
Every action on Ethereum costs gas, priced in fractions of ETH. Since August 2021 each transaction's base fee is burned rather than paid out, so when the network is busy more ETH can be destroyed than issued. Fees rise when blocks are full and fall when demand is quiet.
Most everyday Ethereum activity now happens on layer 2 rollups such as Arbitrum, Optimism and Base, which batch many transactions and settle them on Ethereum. They make transactions cheaper while still paying Ethereum for security, and most of them also use ETH for fees.
ETH's price follows demand for block space and for ETH as collateral and as a staked, yield-bearing asset, alongside the same forces that move all crypto: interest rates, risk appetite, ETF flows and regulation. Network upgrades and how much activity moves to layer 2s also shape how much ETH is burned.
Smart contracts can contain bugs that are exploited, and staking providers concentrate a large share of the stake. Fees can spike in busy markets. Like any crypto asset, ETH has had drawdowns of more than 70% in the past, and regulators treat staking services differently from country to country.
Gravitas does not sell or hold ether. It is a way to trade options on ETH from your own exchange account, built from a view as simple as up or down, with the payoff and the most you can lose shown first.
Say which way ETH goes and by when, and get a ready-made trade with the risk fixed.
How Easy Options worksPut a small stake on a big ETH move today. The stake is the most you can lose.
How Hero Zero worksName where ETH ends on a date, and pick from trades built around that target.
How Expiry Trading worksChoose your own ETH strikes and legs, and see the payoff before you commit.
How Strategy Builder worksFollow a strategy and it places the trades on your account for you.
How Copy Trading worksGravitas connects to your exchange account through the exchange's own sign-in and never holds your funds. Trades settle in USDT on that account. Options can expire worthless; the most you can lose is shown before every trade.
Estimate what any amount of ETH is worth in rupees, dollars or USDT, or the reverse. For tables and history, open the ETH converter for each currency.
1 ETH = ₹236,338.83 · ₹1 = 0.000004 ETH · reference estimate, excluding fees and spread
Price as of · Bybit ETHUSDT spot
Headlines from Google News, linked to their publishers. Gravitas does not write or check them.
Ethereum is a blockchain for running smart contracts: programs that hold and move funds by fixed rules. ETH is its currency. It pays gas fees for every transaction, is staked by validators to secure the network, and is widely used as collateral in on-chain lending and trading.
Validators lock 32 ETH each and run software that proposes and checks blocks. They are paid in newly issued ETH and fees, and part of the stake can be cut (slashed) for misbehaving. With less ETH you can stake through a pool or an exchange, which then holds the keys and takes a cut.
ETH moves with demand for the network — how much people pay to use it, and how much is locked in staking and lending — and with the wider crypto market: interest rates, risk appetite, fund flows and regulation. A busy network burns more ETH in fees, which changes supply.
Bitcoin is built to be money with a fixed supply, secured by proof-of-work mining. Ethereum is built to run programs, is secured by proof of stake, and has no fixed cap: its supply changes with issuance to validators and the fee burn. Both trade around the clock and are volatile.
From Bybit's ETH/USDT spot market, the last traded price, streamed live in your browser. Rupee and dollar figures are converted from USDT at the rates named under the price, with their times.
Gravitas does not sell ether. It lets you trade options on ETH, placed on your own connected exchange account, with the payoff and the most you can lose shown before you trade.
Trade Ethereum options in 4 steps
Gravitas offers options on these markets, placed on your own exchange account; it does not sell the coin themselves. Options trading involves risk and may not be suitable for everyone. Nothing on this page is financial advice.
Disclaimer
Prices and conversions on this page are indicative reference values, not quotes or offers: they exclude fees, spreads and taxes, may be delayed, and a trade can fill at a different price. Stock and ETF prices are Bybit perpetual contracts that track the shares, not exchange share prices, and no product on Gravitas gives ownership of a share or a dividend. Crypto asset and tokenised stock prices are subject to high market risk and price volatility. You should only trade products you are familiar with and whose risks you understand. Nothing on this page is an endorsement by Gravitas of any asset, or of the reliability or accuracy of third-party content. Consider your experience, financial situation, objectives and risk tolerance, and consult an independent financial adviser before trading. This material is not financial advice. Past performance is not a reliable indicator of future performance; the value of a position can go down as well as up, and an option can expire worthless. You are solely responsible for your trading decisions and Gravitas is not responsible for any losses you may incur. See our Terms of Use. Prices and market data on this page come from third-party sources (Bybit, CoinGecko, the European Central Bank and Google News), are presented as is for information only, and may be delayed. Links to third-party sites are not under Gravitas's control. Terms of Use.
