Last updated: June 21, 2026
Ethereum trades at $1,732 on June 21, 2026 – up 0.38% over the past 24 hours – recovering from Friday’s low of $1,670 as weekend spot demand absorbs the FOMC shock and the Iran deal. The 24-hour chart tells a clear story: ETH briefly fell below $1,710 in early trading, then returned sharply to $1,742, then stabilized above $1,728 for most of the session. There are two pieces of structural news driving the core offering: Morgan Stanley filed revised S-1 filings for an Ethereum ETF with a market-leading 0.14% annual fee, and Ethereum Foundation developers confirmed that the Glamsterdam mainnet is now targeting Q3 2026 after the final development network proved stable. Follow live Ethereum price today Track to get real-time updates.
Key takeaways
- ETH is at $1,732.75, up 0.38% in 24 hours, with a market cap of $209.11 billion.
- 24-hour trading volume is $8.07 billion, up 19.48% – higher volume on green day is a moderate positive sign
- Morgan Stanley has applied for an ETF (ticker: MSSE) with an annual fee of 0.14%, allocating 95% of the staking rewards to shareholders.
- Glamsterdam’s main network is now targeting Q3 2026 – upgrade cuts gas charges by 78.6% and targets 10,000 tonnes per second
- RSI is at 42.44, neutral — 21 bearish signals versus 10 bullish technical signals; The trend is still down
- Pivotal supports at $1,714 and $1,688; Resistance is at $1754 and $1768
- The Fear and Greed Index remains at 23 (extreme fear) despite recovery over the weekend
Ethereum Market Overview
| metric | value |
|---|---|
| price | $1,732.75 |
| 24 hour change | +0.38% |
| 24 hour low | $1,670.10 |
| Market value | $209.11 billion |
| 24 hour volume | $8.07B (+19.48%) |
| Vol/Mkt Cap | 3.88% |
| Rolling supply | 120.68 million Ethereum |
| Max width | ∞ |
| All-time high (August 2025) | $4,951.66 |
| Withdraw ATH | ~65.0% |
Morgan Stanley books 0.14% Ethereum ETF – lowest fee in this category
Morgan Stanley filed revised S-1 registration statements with the SEC on June 19 for its proposed Ethereum ETF under the ticker MSSE. The fund will incur an annual management fee of 0.14% – undercutting Grayscale’s ETHE and every competing product currently on the market.
The most important structural detail: MSSE will allocate 95% of the allocation bonuses directly to shareholders. There is no spot ETH ETF that passes staking income to its holders. If the SEC approves the structure, MSSE will become the first ETH ETF to offer both price and yield exposure – the type of product that institutional allocators have been waiting for since the launch of spot ETH ETFs.
The entry of Morgan Stanley along with BlackRock’s ETHA (which dominates an estimated 60-70% market share) introduces directly positive competitive pressures to this category. Lower fees attract more assets. More assets under management means that larger ETF providers must hold more ETH to back stocks, reducing the liquid supply on exchanges.
The 0.14% fee undercuts competitors like Grayscale, and the allocation of a collection bonus to shareholders makes MSSE structurally different from any currently approved ETH ETF.
Glamsterdam is targeting Q3 2026 after final stabilization of Devnet
Ethereum’s most significant protocol upgrade since the 2022 merger is now on a firm mainnet schedule for Q3 2026. The final upgraded network — which operates with all 10 active EIPs simultaneously — has proven stable enough for developers to move toward public testnets on Holesky and Hoodi, which typically precede the mainnet by two to four months.
The two architectural pillars of the upgrade are EIP-7732 (enhanced separation between offeror and builder, which brings block construction on-chain) and EIP-7928 (block-level access lists for executing parallel transactions). Together they present the key numbers: reducing gas fees by 78.6%, increasing the gas limit from 60 million to 200 million per block, and targeting a throughput of 10,000 transactions per second – nearly ten times the current capacity.
Each major Ethereum upgrade produced a price reaction in the weeks surrounding publication. The merger generated a huge pre-launch rally. Pectra in May 2025 coincided with the price of Ethereum rising from $1,800 to $4,946 over a three-month period. If the Glamsterdam mainnet is activated in September or October, the pricing period will start well before the actual ban. The best historical entry point was during the testnet phase – which is exactly where the market is now.
Price Analysis: Holds at $1,728, resistance at $1,754
ETH is trading above the classic pivot point of $1,728.51 identified by CoinCodex analysis on June 21. This level is the dividing line of the session: above it, buyers control the near-term structure; Below that level, sellers are regaining momentum and $1,714 becomes the next test.
The RSI stands at 42.44 – neutral territory, just below the midline but not in the oversold zone yet. Technical indicators are generally bearishly skewed: 21 bearish signals versus 10 bullish signals as of the morning update on June 21. The 4-hour chart is more positive, with the 50-day moving average rising – a short-term bullish signal within a longer bearish structure.
The 200-day simple moving average is expected to reach $2,214.76 by July 21 – well above the current price, confirming that the long-term trend remains under pressure. The 50-day simple moving average is expected to reach $1,874.87 by July 21 – the first overall target a sustainable recovery will need to achieve.
Key levels for this week:
| level | He writes |
|---|---|
| $1,794 | Resistance – upper band |
| $1,768 | Resistance – secondary |
| $1,754 | Resistance – immediate |
| $1,728 | focal point |
| $1,714 | Support – immediate |
| $1,688 | Support – secondary |
| $1,673 | Support – strongest in the near term |
| $1600 | Floor — 2026 Structural Demand Area |
A daily close above $1,754 would indicate an absorption in the post-FOMC sell-off. A sustained move through $1794 opens the way towards $1874 (50-day SMA). A break below $1,673 shifts focus to the $1,600 structural floor.
ETH vs. BTC: Weekly outperformance continues
Despite both assets selling off on the same macro catalysts – a hawkish FOMC and the collapse of the Iran deal – ETH has outperformed BTC on a 7-day basis. ETH’s 7-day change is roughly flat to slightly positive, versus BTC’s weekly performance of -1.09%.
The mechanism is straightforward: ETH has an asset-specific structural demand that BTC does not – BitMine’s ongoing accumulation of its 5.62 million ETH target, Morgan Stanley’s ETF deposit, and Glamsterdam’s confirmed timeline all create buying pressure independent of macro conditions. BTC near-term performance It’s more macro-based, meaning the hawkish Federal Open Market Committee (FOMC) hit BTC harder on a relative basis.
This weekly outperformance is a data point, not a trend. One week of ETH/BTC strength in a broader bearish environment does not indicate a rotation. But it suggests that the structural minimum demand under ETH is deeper than pure price action suggests. For a broader update on today’s cryptocurrency market, see Bitcoin news today.
What is Ethereum?
Ethereum is a decentralized blockchain network launched in July 2015 by Vitalik Buterin and his co-founders after an $18.3 million crowdfunding campaign in 2014. The network enables smart contracts — self-executing code that runs without intermediaries — and supports the majority of the world’s decentralized finance applications, NFT infrastructure, and stablecoin settlement.
Ethereum (ETH) is the native asset used to pay transaction fees and as collateral under the Proof-of-Stake consensus adopted in September 2022 during the merger. The merger reduced Ethereum’s power consumption by more than 99%. More than 68% of the total DeFi value locked runs on Ethereum. More than half of all stablecoins by market cap reside on the Ethereum network.
For a basic overview of the technology, see the guide to What is blockchain.
Home Ethereum Basics
| metric | Data |
|---|---|
| Launch year | 2015 |
| consensus | Proof of ownership (since September 2022) |
| Total Ethereum accumulated | ~36 million (~30% of supply) |
| DeFi market share | ~68% or global TVL |
| Stablecoin settlement | > 50% of all stablecoins |
| Ath | $4,951.66 (August 24, 2025) |
| Current upgrade | Glamsterdam (target Q3 2026) |
| Next upgrade | Higotha |
Where to buy Ethereum (ETH)
- Binance – The largest global stock exchange; ETH/USDT, ETH/BTC, and fiat pairs
- Coinbase – Regulated by the United States; Supports direct bank transfers and ETH stakes
- Kraken – Supports ETH storage at up to 4% APY
- Q Queen – A wide range of altcoins along with ETH trading pairs
- portal.io – Supports advanced ETH trading products
- OK x — Spot ETH, futures, and earn products
For self-protection, ETH is compatible with any ERC-20 hardware or software wallet. Liquid storage via Lido offers about 3-4% APY without lock codes.
