Ethereum falls 43% in a year, holds No.2 spot as upgrade faces new delays

Ethereum , the world’s second-largest cryptocurrency by market capitalization, has experienced a steep decline of 42.99% over the past year but retains its position just behind Bitcoin . As of 08:27 UTC on October 30, 2026, Ethereum (ETH) traded at $2,228.13, with a market value of approximately $272.2 billion, based on CoinGecko data. In 2026, Ethereum’s price exhibited significant volatility. Monthly prices ranged from $2,445.09 in January, fell to $1,965.05 by February, reached a low of $1,569.58 in June, rose to $2,683.68 in September, and settled at $2,353.21 by October. According to Digrin’s price history, early-year declines coincided with concerns over a potential recession and reports that Ethereum co-founder Vitalik Buterin sold millions of dollars’ worth of ETH. ETH’s all-time high was $4,946.05 on August 24, 2025.

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