Ethereum (ETH) is trading at $2,417.54 as of 6 a.m. Eastern Time on November 5, 2026, marking an $87.24 increase from the previous day. Despite this recent gain, the cryptocurrency has lost roughly $1,007 in value over the past year.
Ethereum remains the second-largest cryptocurrency by market cap, valued at around $233 billion. Unlike Bitcoin, which is primarily a digital currency, Ethereum functions as a decentralized computing platform, enabling developers to build and run applications without relying on centralized entities.
The price of Ethereum has experienced significant volatility. It surged to nearly $5,000 in August 2025 but has since declined sharply due to factors like recession fears and the sale of millions of dollars' worth of ETH by co-founder Vitalik Buterin. Over the past month, Ethereum has dropped 11.40%, and over the past year, it has fallen 29.39%.
Ethereum's price is influenced by investor speculation, network use, economic conditions, regulation, and competition from other blockchains. Investors can buy ETH directly on crypto exchanges, invest in Ethereum ETFs, or purchase stocks of companies tied to the Ethereum ecosystem.