Current Price of Ethereum for Oct. 1, 2026
Ethereum (1 ETH) Price Overview
By Joseph Hostetler, Staff Writer, Personal Finance Commerce
At 9:40 a.m. Eastern Time on October 1, 2026, the current price of Ethereum (1 ETH) stands at $2,693.40. This marks a $11.82 decrease from yesterday and a $1,655.15 drop over the past year.
Ethereum Price History
- Yesterday: $2,705.22 (-0.44%)
- 1 Month Ago: $2,417.74 (+11.40%)
- 1 Year Ago: $4,348.55 (-38.06%)
Ethereum in the Cryptocurrency Landscape
Ethereum holds the second-largest market cap among cryptocurrencies, estimated at around $233 billion. While significantly behind Bitcoin's $1.33 trillion market cap, it surpasses Tether, ranking third with a $183 billion market cap.
What sets Ethereum apart is its role as a decentralized computing platform. Unlike most cryptocurrencies that serve as digital money, Ethereum enables developers to build and run applications without relying on central companies or banks. Developers utilize Ethereum's blockchain for activities like borrowing, lending, investing, and trading, utilizing the network's native token, ETH.
Ethereum's Price Journey
Ethereum's initial coin offering (ICO) in 2014 saw each token sell for about 31 cents. Since then, its value has surged over 60,000%. From 2020 to 2025, Ethereum gained an additional 46%.