Understanding Coinbase Wrapped Staked ETH (CBETH)
Coinbase Wrapped Staked ETH (CBETH) is an ERC-20 token built on the Ethereum blockchain, launched in February 2022. Designed as a liquid staking solution, CBETH allows users to maintain liquidity while earning staking rewards on their Ethereum holdings. Each CBETH token represents staked ETH held on Coinbase’s infrastructure, accruing yield over time—meaning its value gradually increases relative to ETH as rewards are compounded.
Unlike standard wrapped tokens that maintain a 1:1 peg with the underlying asset, CBETH is rebase-enabled, meaning its supply increases to reflect staking rewards. This makes it particularly attractive for investors seeking passive income without locking up capital.
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Current Market Performance (July 04, 2025)
As of today, the price of **CBETH stands at $2,812**, reflecting a **1.61% decline** over the past 24 hours. The token opened the day at $2,858 but failed to sustain upward momentum despite briefly touching $2,865—a level that acted as resistance. This inability to break higher suggests cautious market sentiment amid broader crypto volatility.
In the last 24 hours, 799 CBETH tokens were traded across two major exchanges, resulting in a trading volume of **$2,247,673**. While this volume is significantly higher than the average for cryptocurrencies launched in 2022 (which sits around $276K), it indicates moderate liquidity compared to top-tier assets.
Key Price Levels to Watch
Technical analysis identifies several critical support and resistance levels:
- First Resistance: $2,869
A breakout above this level could signal renewed bullish momentum and open the path toward the next target. - Second Resistance: $3,032
Clearing this zone would indicate strong buying pressure and potentially attract institutional interest. - Third Resistance: $3,265
This level represents a significant psychological and technical barrier—achieving it would mark a major recovery from recent lows.
On the downside:
- First Support: $2,702
Maintaining this floor is crucial. A close below could trigger further selling. - Second Support: $2,530
If broken, this may indicate a deeper correction phase.
From a longer-term perspective:
- CBETH is down 11.25% from its 30-day high and 2.26% from its 7-day peak.
- However, it remains 19.79% above its lowest point in the past month and 7.31% higher than its weekly low—suggesting underlying resilience.
Market Position and Token Metrics
CBETH currently holds a market capitalization of $434 million, ranking it #112 among all cryptocurrencies by market cap. With a circulating supply of approximately 154,000 tokens, its scarcity contributes to price stability and investor confidence.
At its peak on December 7, 2024, CBETH reached an all-time high of $4,335.51**. Since then, it has corrected significantly but remains up **84.09%** from its post-ATH low of $1,527.54. Over the past 52 weeks, CBETH has traded between $1,528 and $4,450**, illustrating both its volatility and growth potential.
Within the liquid staking sector—an increasingly important niche in decentralized finance (DeFi)—CBETH ranks #9 by market capitalization, underscoring its relevance in a competitive ecosystem that includes Lido’s stETH and other leading liquid staking derivatives.
What Makes CBETH Unique?
CBETH differentiates itself through integration with Coinbase, one of the most trusted names in crypto. This association brings:
- Regulatory compliance and security
- Seamless conversion between ETH and CBETH within the Coinbase platform
- Transparent staking reward distribution
- High trust factor among retail and institutional investors
Additionally, because CBETH accrues yield automatically via supply rebase, holders do not need to manually claim rewards—enhancing user experience and encouraging long-term holding.
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Frequently Asked Questions (FAQ)
What is Coinbase Wrapped Staked ETH (CBETH)?
CBETH is a liquid staking token issued by Coinbase. It represents staked Ethereum (ETH) and earns yield over time through network rewards. Unlike regular ETH, CBETH’s balance grows automatically due to rebase mechanics.
How does CBETH differ from ETH?
While ETH is the native cryptocurrency of the Ethereum network, CBETH is a tokenized version that includes accumulated staking rewards. One CBETH will typically be worth slightly more than one ETH over time due to compounding yields.
Where can I buy CBETH?
CBETH is available on select centralized exchanges. It can also be obtained directly through Coinbase by staking ETH via their platform.
Is CBETH a good investment?
CBETH may appeal to investors looking for exposure to Ethereum with added yield generation. However, like all crypto assets, it carries market risk. Its performance depends on ETH’s price movement, staking rates, and broader market conditions.
Does CBETH pay staking rewards?
Yes—CBETH holders earn staking rewards automatically through a daily rebase mechanism. The supply of CBETH increases incrementally to reflect accrued interest, so your balance grows over time without manual claims.
How does liquid staking work with CBETH?
When you stake ETH through Coinbase, you receive CBETH in return. This token can be traded, transferred, or used in DeFi protocols while still earning staking rewards—offering flexibility that traditional staking lacks.
Final Thoughts and Outlook
Coinbase Wrapped Staked ETH (CBETH) occupies a strategic position in the evolving landscape of Ethereum-based finance. As more users seek yield-bearing assets without sacrificing liquidity, solutions like CBETH become increasingly valuable.
While current price action shows hesitation near key resistance levels, the fundamentals—backed by Coinbase’s infrastructure and growing adoption of liquid staking—remain strong. Investors should monitor the $2,702 support level closely; holding above it could pave the way for a retest of $2,869 and beyond.
For those exploring ways to enhance returns on Ethereum holdings, CBETH offers a compelling blend of security, convenience, and yield.
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