Ethernet is a widely used local area network technology that operates at the Physical and Data Link layers of the OSI model. It uses CSMA/CD access method to share the transmission medium and detect collisions. Key Ethernet standards include 10Base-T, 100Base-TX, 1000Base-T, and 10GBase-T for copper cable, as well as 100Base-FX and 1000Base-LX for fiber-optic cable. Switches help improve network performance by segmenting collision domains and enabling full-duplex transmissions.