Current price of Ethereum for May 28, 2026
Personal Finance | Ethereum
By Joseph Hostetler
Staff Writer, Personal Finance Commerce
May 28, 2026, 9:08 AM ET
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At 9 a.m. Eastern Time on May 28, 2026, the current price of Ethereum (1 ETH) is $1,992.00. That’s a $79.71 decrease from yesterday and roughly a $691 loss over the past year.
Ethereum price
- % Change: -3.84%
- Price of Ethereum yesterday: $2,071.71
- 1 Month Ago: $2,299.76 (-13.38%)
- 1 Year Ago: $2,682.92 (-25.75%)
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What is Ethereum?
In terms of market cap, Ethereum is the second-largest cryptocurrency—currently valued at around $233 billion. That’s well behind Bitcoin’s massive $1.33 trillion market cap, but still comfortably ahead of the third-largest coin, Tether, which sits near $183 billion.
What really sets Ethereum apart from most other cryptocurrencies is that it’s more than just digital money; it’s a decentralized computing platform. In other words, people can build and run applications on Ethereum without needing a central company or bank to manage things.
To put that simply, think that instead of developers hosting their apps on Amazon or Google servers, they can use Ethereum’s blockchain to power things like borrowing, lending, investing, and trading. ETH, the network’s native token, is what you use to pay for those activities.
Ethereum price history
When Ethereum launched its initial coin offering (ICO) back in 2014, each token sold for about 31 cents. Since then, its value has skyrocketed more than 60,000%.
In the five years from 2020 to 2025, Ethereum climbed another 46%—still an impressive feat.