Ethereum trades at $1,883.21 early on July 16, 2026, a slim $4.21 gain from the day before. The token has lost roughly $1,489 over the past year, leaving it far below the near-$5,000 peak it set in August 2025.
Ethereum changed hands at $1,883.21 at 5:45 a.m. Eastern on July 16, 2026, edging up $4.21 from the previous session. That daily move barely registers against the longer picture: ETH has shed about $1,489 over the past year.
A flat day, a heavy year
The near-term chart looks calm. Ethereum sat at $1,879 yesterday and $1,791.62 a month ago, a 5.11% rise over the four weeks. Step back twelve months, though, and the drop is stark. ETH traded at $3,371.80 a year ago, a 44.14% decline to today's level.
That slide has a backstory. Ethereum slid sharply in early 2026 on recession fears and news that co-founder Vitalik Buterin sold millions of dollars' worth of ETH. The token remains well under the near-$5,000 record it reached in August 2025.
Second place behind Bitcoin
Ethereum stays the second-largest cryptocurrency, valued near $233 billion. That trails Bitcoin's $1.33 trillion market cap but sits ahead of Tether, the third-largest coin, near $183 billion. Among the coins tracked at the same timestamp, Bitcoin fetched $64,055.25 while XRP traded at $1.10.
The two majors serve different ends. Bitcoin works as a store of value; Ethereum runs as a decentralized computing platform that powers applications, smart contracts, and much of the crypto ecosystem. The network moved off proof of work in 2022 and now relies on staking, which lets holders lock up ETH to confirm transactions and earn rewards.
Fortune lists the drivers behind ETH's price as trader speculation, network use, the broader economy, regulation, and competition from rival chains like Solana and Avalanche.
Source: Fortune
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