ETHGas

Today's state: ETHGas is trading at $0.134138 with a $0.2 billion market capitalization (rank #169). The price moved -3.58% over the past 24 hours and is +9.70% over 7 days; the 30-day move stands at +0.00% and the 90-day at +157.38%.

Position vs cycle: This is an ordinary-depth correction that has, in past cycles, broken either way — frequently after a re-test of the prior high.

Volatility and structure: 30-day realized volatility of 255.7% annualized is extreme for an asset this size. Our composite multi-horizon Price Strength reads Bullish (65/100), on a constructive footing, with the 24-hour and 7-day prints both positive.

Looking past Bitcoin alone, how closely GWEI tracks the next two biggest layer-1s over 90 days indicates whether it is mostly market beta or something more independent. The daily-log-return correlations:

• Bitcoin reference: +0.09 — a minimal positive relationship.
• Ethereum reference: +0.08 — a minimal positive relationship.
• Solana reference: +0.02 — a minimal positive relationship.

When an asset correlates strongly with multiple majors, it is trading largely as market beta — the big caps set the direction and standalone outperformance is elusive. Weak or negative correlations instead signal idiosyncratic forces (its own news, sector rotation, narrative changes) capable of producing returns the broader market does not share.

ETHGas (GWEI) is a cryptocurrency, traded on global digital-asset markets. It trades at $0.1341 as of the latest update, with a 24-hour move down 3.58%, placing it at rank #169 by market capitalisation among all listed digital assets. ETHGas's current market cap stands at $234.74M, 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 ETHGas 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.

ETHGas (GWEI) is a cryptocurrency traded on global digital-asset markets. Its specific role depends on the protocol and ecosystem built around it — the data and market sections on this page describe what can be measured directly from on-chain and exchange activity.

ETHGas currently ranks #169 by market capitalisation, making it a mid-cap asset in the broad top 250. Essentially all of the GWEI supply is already issued — roughly 10.00B of a 10.00B cap are in circulation — so future inflation is a non-factor. It currently trades about 46% below its all-time high of $0.2486 set in June 2026, while sitting roughly 4.6× above its record low.

ETHGas settles on a public blockchain, with ownership recorded against cryptographic addresses rather than personal identities. Its supply schedule and core parameters are defined in software and changed only by coordination among the people who run the network — there is no central operator.

ETHGas currently ranks #169 by market capitalisation, making it a mid-cap asset in the broad top 250. Essentially all of the GWEI supply is already issued — roughly 10.00B of a 10.00B cap are in circulation — so future inflation is a non-factor. It currently trades about 46% below its all-time high of $0.2486 set in June 2026, while sitting roughly 4.6× above its record low. Its fully-diluted valuation of $1.37B is about 5.9× the circulating market cap of $234.74M, a gap that signals issuance overhang to factor into any longer-term thesis.

ETHGas is used for value transfer, on-chain settlement, and access to whatever application or ecosystem its protocol supports. Because utility varies widely across projects of this kind, the most reliable read on the asset is its market data — liquidity, supply dynamics, and price behaviour — shown elsewhere on this page.

Daily volume runs at about 3.1% of market capitalisation ($7.21M in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

To read ETHGas's tokenomics, look at the issuance schedule, the share of supply already in circulation, and the gap between market cap and fully-diluted valuation. At over 99% of maximum supply issued, future issuance pressure is effectively zero — the supply curve is now flat, and value accrual must come from network adoption rather than from supply schedule mechanics. The fully diluted valuation (FDV) of $1.4 billion stands at 5.9× the current circulating market cap of $0.2 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

For thesis-building, the relevant question is whether the structural value-accrual mechanism (fee burns, staking-yield reinvestment, deflationary supply mechanics, ecosystem TVL growth) outpaces the structural emission pressure. When it does, the price tends to grind higher over multi-quarter windows even without speculative momentum; when it does not, the asset typically requires consistent narrative-driven demand to absorb the issuance.

At the top of the macro stack sit interest rates, dollar liquidity and risk appetite, and crypto has tended to amplify all three. Easing financial conditions and a weaker dollar have historically pulled the sector up; tightening liquidity and a firmer dollar have reliably pulled it back down.

To read crypto in a wider context, keep an eye on four markets — the dollar, where strength typically pressures risk assets; long-dated Treasury yields, which set the discount rate on future cash flows; gold, sometimes a parallel hard-money bet; and US equities, frequently correlated with crypto during liquidity-driven swings despite the popular "uncorrelated" label.

Narrowing to ETHGas, the cleanest leading signal has usually been crypto-native liquidity — the combined trend in stablecoin supply, futures open interest and exchange turnover. When that pool of on-chain capital grows, GWEI has tended to advance with it; when it drains, the move has typically gone into reverse. With a comparatively loose 90-day BTC correlation of +0.09, GWEI has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

General crypto risks apply: high volatility (double-digit daily moves are common), regulatory uncertainty, exchange and custody risk, and project-specific execution risk. With a smaller or less-established asset, liquidity can be thin — meaning larger orders move the price more, and exits during stress can be costly. Size positions accordingly and never commit more than you can afford to lose.