Coinbase Wrapped Staked ETH (CBETH) is a unique Ethereum-based token designed to represent staked Ether (ETH) on the Coinbase platform. Unlike standard ETH, CBETH allows users to maintain liquidity while earning staking rewards—making it a compelling option for investors seeking yield without sacrificing flexibility. As of now, CBETH is trading at $2,815, down -1.55% over the past 24 hours. Despite short-term volatility, CBETH continues to hold strong fundamentals within the decentralized finance (DeFi) ecosystem.
This guide dives into CBETH’s price performance, market data, technical indicators, and investor sentiment—offering a comprehensive view for traders and long-term holders alike.
What Is Coinbase Wrapped Staked ETH (CBETH)?
CBETH is a wrapped staked token issued by Coinbase, representing ETH that has been staked through Coinbase’s validator network. When users stake their ETH via Coinbase, they receive CBETH in return—a 1:1 representation of their staked assets that accrues value as staking rewards are compounded.
Because CBETH is fully backed by real staked ETH, its price closely tracks native ETH while gradually increasing due to ongoing yield generation. This mechanism enables holders to participate in DeFi protocols, use CBETH as collateral, or trade it freely—without exiting their staking position.
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Current Price and Market Overview
As of the latest update:
- Current Price: $2,815
- 24-Hour Trading Volume: $1,439,654
- Market Cap: $434,161,962
- Circulating Supply: 154,209 CBETH
- Ranking: #112 by market capitalization
Compared to its all-time high of $4,336**, CBETH is currently down by approximately **35.06%**. Over the past 52 weeks, its price has ranged from a low of **$1,528 to a high of $4,450. While this reflects significant volatility, it also highlights CBETH’s resilience amid broader market corrections.
When measured against other cryptocurrencies launched in 2017, CBETH stands out with above-average trading volume—surpassing the average daily volume of $275,743 for peers in its cohort by more than five times.
Performance Across Timeframes
| Currency Pair | 1 Hour | 24 Hours | 7 Days | 30 Days | 1 Year |
|---|---|---|---|---|---|
| USD | +0.11% | -1.55% | +5.79% | -2.65% | -21.34% |
| BTC | +0.13% | -0.98% | +3.79% | -6.01% | -56.26% |
| ETH | +0.10% | +0.01% | +0.08% | +0.17% | +2.62% |
Notably, CBETH has outperformed both USD and BTC over longer horizons while maintaining close correlation with ETH—its underlying asset. The slight premium growth over ETH reflects accumulated staking yields, reinforcing CBETH’s role as a yield-bearing alternative to holding plain Ether.
On-Chain and Blockchain Statistics
CBETH operates on the Ethereum blockchain, ensuring transparency and interoperability across DeFi platforms. Key on-chain metrics include:
- Transactions in Last 24 Hours: 487
- Average Hourly Transactions: ~20.29
- Top 100 Holders Control: 74% of total supply (292,062 CBETH worth ~$822 million)
The concentration among top addresses suggests institutional or exchange-level custody, which is common for wrapped assets tied to centralized platforms like Coinbase.
Wealth Distribution Analysis
Understanding who holds CBETH provides insight into market dynamics:
- Top 1–10 Addresses: 78,880 CBETH (20.03%)
- Addresses 11–100: 212,992 CBETH (54.09%)
- Addresses 101–1000: 17,619 CBETH (4.47%)
- All Others: 84,259 CBETH (21.40%)
Over 74% of the supply is controlled by the top 100 wallets—typical for tokens issued by centralized services where large custodial accounts manage user funds.
Investment Returns and Volatility
CBETH’s historical performance reveals both upside potential and risk exposure:
| Metric | Value |
|---|---|
| 3-Month ROI | +42.67% |
| 6-Month ROI | -28.65% |
| 12-Month ROI | -17.50% |
| 3-Month Volatility | 37.66% |
| 6-Month Volatility | 55.61% |
| 12-Month Volatility | 73.38% |
| Maximum Drawdown | -65.68% |
| Win Rate (Consecutive Gains) | 54.20% |
Despite strong short-term rallies, CBETH remains a volatile asset influenced heavily by Ethereum’s price action and macroeconomic trends in crypto.
Technical Analysis: Short-Term Outlook
Technical indicators suggest cautious optimism:
- RSI (14): 58.40 → Neutral (approaching overbought)
- CCI (20): 87.83 → Neutral
- Williams %R (14): -16.47 → Overbought
- Average Directional Index (ADX): 56.74 → Trending but leaning toward sell signals
Moving averages remain bullish across multiple timeframes:
- SMA(50): $2,787 → Current price above → Buy signal
- EMA(200): $2,702 → Long-term support intact
Most short-to-medium term SMAs and EMAs indicate buy conditions, suggesting underlying strength despite recent pullbacks.
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Frequently Asked Questions (FAQ)
Q: How does CBETH differ from regular ETH?
A: CBETH represents staked ETH on Coinbase and accrues staking rewards automatically. It cannot be unstaked immediately due to Ethereum's withdrawal restrictions but offers liquidity through trading or DeFi usage.
Q: Can I unstake CBETH directly?
A: No. CBETH is not redeemable for ETH until Coinbase enables full withdrawals. Until then, liquidity comes from secondary markets or DeFi lending platforms.
Q: Is CBETH safer than other liquid staking tokens?
A: As a product of a regulated U.S.-based exchange, CBETH benefits from Coinbase’s compliance framework and security infrastructure—offering potentially higher trust compared to decentralized alternatives.
Q: Where can I trade CBETH?
A: CBETH is available on several major exchanges and decentralized platforms that support ERC-20 tokens.
Q: Does CBETH pay dividends?
A: Not in traditional terms. Instead, its value increases over time as staking rewards are reflected in the token’s exchange rate relative to ETH.
Q: What affects CBETH’s price?
A: Primary drivers include Ethereum’s performance, staking yield rates, market sentiment, and regulatory developments affecting Coinbase or proof-of-stake networks.
Final Thoughts and Strategic Insights
Coinbase Wrapped Staked ETH (CBETH) occupies a strategic niche in the evolving staking economy. By combining the yield benefits of staking with the liquidity of a tradable token, it appeals to yield-focused investors who want exposure without locking up capital permanently.
While risks such as withdrawal delays and counterparty reliance on Coinbase exist, the transparency of on-chain data and consistent yield accrual make CBETH a credible option in the liquid staking landscape.
For traders monitoring momentum, the current technical setup shows resilience—with most moving averages supporting upward bias despite short-term overbought signals.
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