Ethereum Price Dips to $2,485 as Market Cap Tops $233 Billion

The price of Ethereum as of August 28, 2026 is $2,485.37, down from yesterday's value by $22.93 and nearly $2,027 compared to one year ago.

Ethereum ranks as the second-largest cryptocurrency by market capitalization with a valuation of around $233 billion, behind Bitcoin but ahead of Tether.

The platform is more than just digital money; it's a decentralized computing platform where users can build and run applications without any oversight from companies or banks.