Ethereum trades at $2,054.82 as values drop over the past year
Eastern Time today.
The short version
- That price marks a $35.42 decrease from yesterday according to Fortune.
- The cryptocurrency lost about $1,352 over the past year.
At 7:30 a.m. Eastern Time today, Ethereum traded at $2,054.82, according to Fortune. That marked a $35.42 decrease from yesterday and about a $1,352 loss over the past year. With a market capitalization of around $233 billion, Ethereum is the second-largest cryptocurrency.
That places it well below Bitcoin, which holds a roughly $1.33 trillion market cap, but significantly ahead of third-place Tether, which sits at $183 billion. Unlike simple digital money, Ethereum operates as a decentralized computing platform. Developers use its blockchain network to create apps for borrowing, lending, investing, and trading.
When Ethereum launched its initial coin offering in 2014, it cost just 31 cents per share. Since then, its value has climbed by more than 60,000%. Ethereum peaked at nearly $5,000 in August 2025 before a steep drop in early 2026 driven by recession fears and co-founder Vitalik Buterin selling millions of dollars worth of ETH.
Investors can buy ETH directly, use an Ethereum ETF, invest in related publicly traded companies, or hold ETH within a crypto IRA. The asset remains young and volatile, lacking any guarantee of future performance.
Figures as reported by Fortune.
