Current price of Ethereum for Oct. 16, 2026 | Fortune
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Ethereum
Current price of Ethereum for October 16, 2026
By Joseph Hostetler
Staff Writer, Personal Finance Commerce
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October 16, 2026, 8:00 AM ET
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At 7:45 a.m. Eastern Time on October 16, 2026, the price of Ethereum (1 ETH) is $2,478.62. That represents a $115.89 jump from yesterday and roughly a $1,418 fall compared with one year ago.
Ethereum price
% Change | Price of Ethereum yesterday | Price of Ethereum 1 month ago | Price of Ethereum 1 year ago ------- | -------- | -------- | -------- +4.90% | $2,362.73 | $2,397.72 | $3,896.82
-36.39%
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What is Ethereum?
Ethereum ranks as the second-largest cryptocurrency by market capitalization, with a current valuation of around $233 billion. It sits well behind Bitcoin’s roughly $1.33 trillion market cap but far ahead of the third-place option, Tether, at $183 billion.
Here’s what makes Ethereum different from other cryptocurrencies: It’s more than just digital money. It’s actually a decentralized computing platform, which means users can build and run applications on it without any oversight from a company or bank.
Put simply, developers create apps on Ethereum’s blockchain network (rather than, say, Amazon or Google servers) to do things like borrow, lend, invest, trade, and more. The token ETH serves as the currency you use to carry out those activities.
Ethereum price history
Ethereum’s initial coin offering (ICO) debuted in 2014 for just 31 cents per share. Since that time, its value has increased by more than 60,000%.
From 2020 to 2025, Ethereum climbed by a still respectable 46%. But that doesn’t capture the full picture. Ethereum has experienced serious volatility, hitting nearly $5,000 at its peak in August 2025. That’s nearly 1.6 million percent growth from its original ICO. It makes that earlier 60,000% increase look pedestrian.