ETHUSD

ETHUSD is a commonly quoted trading pair representing the price of one Ether (ETH) in United States dollars (USD) on cryptocurrency exchanges. It is used for spot trading, price discovery, and benchmarking the value of Ether in USD terms. On each exchange, ETHUSD reflects the last traded price, with real-time orders contributing to the current bid and ask. Because ETH is traded on multiple platforms, prices can vary slightly across venues due to liquidity, latency, and fee structures, creating potential arbitrage opportunities.

The ETHUSD pair also underpins a wide range of financial products. Futures, options, and perpetual contracts on Ethereum reference or settle against USD values, and some benchmarks such as the CME CF Ether Reference Rate (ETH-USD) provide a standardized USD price used for settlement and index pricing. Traders may hedge exposure or implement strategies using ETHUSD as the underlying. In addition to spot markets, ETHUSD is a common anchor in DeFi and cross-chain price feeds.

Liquidity is typically strongest on large exchanges with high trading volume; participants include regulated and unregulated platforms across jurisdictions. As with other cryptoassets, the ETHUSD price is highly volatile and influenced by factors such as network activity, development updates, macroeconomic conditions, and market sentiment.