Ethereum (ETH) is trading at $2,054.82 as of November 11, 2026, marking a $35.42 decline from the previous day and a $1,352 drop over the past year. The cryptocurrency has seen significant volatility, with a 1.69% decrease from yesterday, a 17.87% drop over the past month, and a 39.86% loss compared to its value one year ago.
Ethereum stands out as the second-largest cryptocurrency by market capitalization, valued at around $233 billion. Unlike Bitcoin, which primarily serves as digital money, Ethereum functions as a decentralized computing platform. Developers use its blockchain network to build and run applications for activities like borrowing, lending, investing, and trading, with ETH serving as the currency for these operations.
The cryptocurrency has experienced extreme price swings, peaking at nearly $5,000 in August 2025. Factors such as recession fears and the sale of millions of dollars worth of ETH by co-founder Vitalik Buterin contributed to its steep decline in early 2026. Ethereum's price is influenced by investor speculation, network activity, economic conditions, regulation, and competition from other smart contract platforms.
Investors can buy Ethereum directly through crypto exchanges, invest in Ethereum ETFs, purchase stocks of companies tied to Ethereum, or open a crypto IRA that holds ETH. Despite its volatility, Ethereum's performance over the past decade has been impressive, underpinning a vast network of financial applications and developer tools.