Current price of Ethereum for October 7, 2026 | Fortune
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Ethereum
Current price of Ethereum for October 7, 2026
By Joseph Hostetler
Staff Writer, Personal Finance Commerce
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October 7, 2026, 7:20 AM ET
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At 7:15 a.m. Eastern Time on October 7, 2026, Ethereum (1 ETH) is trading at $2,578.80. That’s a $137.15 decrease from yesterday and about a $1,871 loss over the past year.
Ethereum price
% Change | Price of Ethereum yesterday | Price of Ethereum 1 month ago | Price of Ethereum 1 year ago --- | --- | --- | --- -5.04% | $2,715.95 | $2,512.93 | $4,449.49
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What is Ethereum?
With a market capitalization of around $233 billion, Ethereum is the second-largest cryptocurrency. That places it well below Bitcoin’s roughly $1.33 trillion market cap, but significantly ahead of third-place Tether, which sits at $183 billion.
One major distinction sets Ethereum apart from other cryptocurrencies: It’s not simply digital money. It operates as a decentralized computing platform, allowing users to build and run applications without oversight from any company or bank.
In basic terms, developers use Ethereum’s blockchain network (instead of, say, Amazon or Google servers) to create apps for activities like borrowing, lending, investing, trading, and more. ETH, the token, is the currency used for these operations.
Ethereum price history
When Ethereum’s initial coin offering (ICO) launched in 2014, it cost just 31 cents per share. Since then, its value has climbed by more than 60,000%.
Looking at the past five years (2020-2025), Ethereum has risen by a solid 46%. But that figure doesn’t tell the whole story. Ethereum has been subject to extreme volatility, peeking at over $4,800 in November 2021 before plummeting to below $1,000 in May 2022.