Coinbase Wrapped Staked ETH

Today's state: Coinbase Wrapped Staked ETH is trading at $2,172.22 with a $0.4 billion market capitalization (rank #156). The price moved +0.30% over the past 24 hours and is +1.70% over 7 days; the 30-day move stands at +2.50% and the 90-day at +0.00%.

Position vs cycle: Trading more than 50% below the all-time high places the asset in correction-territory deep enough that statistical mean-reversion historically gives way to narrative- and liquidity-driven moves.

Volatility and structure: 30-day realized volatility of 34.0% annualized is moderate for an asset this size. Our composite multi-horizon Price Strength reads Neutral (50/100), with a mixed multi-horizon profile and no clear directional bias.

Beyond Bitcoin, CBETH's 90-day return correlations to the other two largest layer-1 references help characterize whether the asset moves as part of a crypto-market beta complex or as something more idiosyncratic. The Pearson correlations across daily log returns:

• Bitcoin reference: +0.05 — a minimal positive relationship.
• Ethereum reference: +0.18 — a minimal positive relationship.
• Solana reference: +0.18 — a minimal positive relationship.

High correlation across several references usually means the asset is mostly crypto-market beta: when BTC, ETH and SOL move, it moves too, and independent alpha is hard to find. Low or negative readings point to its own drivers — project-specific news, intra-crypto sector rotation or narrative shifts — that can decouple it from the broad market.

Coinbase Wrapped Staked ETH (CBETH) is a cryptocurrency, traded on global digital-asset markets. It trades at $2,172.22 as of the latest update, with a 24-hour move up 0.30%, placing it at rank #156 by market capitalisation among all listed digital assets. Coinbase Wrapped Staked ETH's current market cap stands at $362.63M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Coinbase Wrapped Staked ETH across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Coinbase Wrapped Staked ETH lets holders of the underlying asset participate in DeFi or applications on a different blockchain while keeping exposure to the underlying. Wrapped versions of major assets are widely used as collateral, as liquidity for DEX pools, and as building blocks in structured DeFi products.

By market value, Coinbase Wrapped Staked ETH sits at rank #156 — a mid-cap asset in the broad top 250. Only about 11% of the eventual CBETH supply is circulating so far (166.9K of 1.46M), so future unlocks remain a meaningful dilution variable. It currently trades about 60% below its all-time high of $5,441.47 set in August 2025, while sitting roughly 2.1× above its record low.

Coinbase Wrapped Staked ETH (CBETH) is a wrapped asset: a token that represents another underlying asset on a different blockchain, issued under a custody or smart-contract guarantee. The underlying asset is held (or staked) by a custodian or protocol, and an equivalent amount of the wrapped token is minted on the destination chain. Burning the wrapped token releases the underlying.

Wrapped tokens are designed to track the underlying asset 1:1. Peg deviations occur when redemption is interrupted, when custody is questioned, or when DEX liquidity becomes thin. The metric that matters is not "price" but peg-to-underlying.

By market value, Coinbase Wrapped Staked ETH sits at rank #156 — a mid-cap asset in the broad top 250. Only about 11% of the eventual CBETH supply is circulating so far (166.9K of 1.46M), so future unlocks remain a meaningful dilution variable. It currently trades about 60% below its all-time high of $5,441.47 set in August 2025, while sitting roughly 2.1× above its record low. Its fully-diluted valuation of $810.96M is about 2.2× the circulating market cap of $362.63M, a gap that signals issuance overhang to factor into any longer-term thesis.

Coinbase Wrapped Staked ETH is used wherever the underlying asset is needed in a different on-chain environment: as DeFi collateral, as part of liquidity pools, as a yield-bearing alternative (in the case of staking derivatives), and as the substrate for structured products. It is rarely used for direct speculation — that demand goes to the underlying.

Daily volume runs at about 2.0% of market capitalisation ($7.29M in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

Coinbase Wrapped Staked ETH is a wrapped token — supply expands as more of the underlying asset is custodied (or staked, in the case of liquid-staking derivatives) and contracts as the wrapped tokens are burned to redeem. There is no independent emission schedule. The tokenomics question that matters is whether the underlying is fully backing the wrapped supply, which depends on the custodian or protocol design.

Investors should treat the wrapped-token supply as a measure of how much "demand for on-chain DeFi access to the underlying" exists at the current moment. Growing supply suggests rising demand for DeFi composability with the underlying; shrinking supply suggests the opposite.

The macro picture for digital assets turns on three levers — Federal Reserve policy, the path of dollar liquidity, and broad risk sentiment. Historically the whole asset class has tracked the global liquidity cycle closely, expanding in easing regimes and contracting when financial conditions tighten.

Several traditional markets serve as useful cross-checks: a strong dollar (DXY) has tended to weigh on crypto; rising 10-year Treasury yields raise the cost of holding risk; gold occasionally trades as a parallel hard-money hedge; and US equities frequently move in sympathy with crypto when the driver is liquidity rather than fundamentals.

Zooming in on Coinbase Wrapped Staked ETH, the most reliable leading indicator has tended to be crypto-native liquidity itself — aggregate stablecoin supply, open interest in futures, and exchange volume. Rising on-chain liquidity has historically pulled CBETH up; draining liquidity has done the opposite. With a comparatively loose 90-day BTC correlation of +0.05, CBETH has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

Risks are specific to wrapped assets: custody risk (the underlying may be compromised or seized), smart contract risk (mint/burn logic could be exploited), peg risk (the wrapped token can trade below par during stress), and protocol-specific governance risk (changes to the wrapping protocol may affect redeemability). Users should treat the wrapped token as exposure to the underlying plus the wrapper's risk surface.