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Ethereum Price in 2023

In 2023, the price of ethereum averaged $1,795.00 per coin, down 9.4% from the year before. This page covers the 2023 average, high, low, and year-end close, the events that moved the market, and what that ethereum would be worth in today's dollars.

2023 Average

$1,795.00

Annual average of daily closes

Change vs 2022

-9.4%

from $1,982.00 in 2022

What happened to the ethereum price in 2023

Ethereum averaged $1,795.00 per coin in 2023, down 9.4% from $1,982.00 the year before. The notable development of 2023: Recovery year; Shanghai/Shapella upgrade (April) enabled staked-ETH withdrawals; range-bound roughly $1,200-2,400..

The 2020s made Ethereum a core financial platform. DeFi Summer and the NFT boom drove the run to a record near $4,800 in 2021, the network completed its Merge to proof-of-stake in 2022, and US spot ETFs arrived in 2024.

Adjusted for inflation, ethereum's 2023 average of $1,795.00 equals about $1,899 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

Frequently Asked Questions

What was the price of ethereum in 2023?
Ethereum averaged $1,795.00 per coin in 2023, based on annual average data from daily closing prices. That average was down 9.4% from $1,982.00 in 2022.
What is a 2023 ethereum price worth in today's dollars?
Adjusted with the US Consumer Price Index, ethereum's 2023 average of $1,795.00 works out to roughly $1,899 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
What moved the ethereum price in 2023?
The defining story of 2023: Recovery year; Shanghai/Shapella upgrade (April) enabled staked-ETH withdrawals; range-bound roughly $1,200-2,400.. Against that backdrop, the annual average fell 9.4%, from $1,982.00 in 2022 to $1,795.00.

Annual figures are the mean of daily closing prices in US dollars; 2015 is a partial year from the July 2015 mainnet launch. Where daily data exists, the per-year high, low, and close come from MetalCharts historical data. Inflation adjustments use BLS CPI-U annual averages.