Ethereum traded at $1,739.55 on the morning of July 9, 2026, barely changed on the day but down 37.18% over the past year. The second-largest cryptocurrency holds a market cap near $233 billion, well behind Bitcoin.
Ethereum opened July 9, 2026, almost flat: 1 ETH fetched $1,739.55 at 8:30 a.m. Eastern, a $3.64 slip from the previous day. That daily move worked out to a 0.20% decline from $1,743.19.
The steadiness on the day masks a much heavier stretch. Over the past year, ETH lost roughly $1,029, down 37.18% from $2,769.17. The shorter window looks brighter, with the token up 3.88% over the past month from $1,674.78.
Ethereum sits second behind Bitcoin
By market cap, Ethereum ranks as the second-largest cryptocurrency, valued at around $233 billion. That trails Bitcoin, which holds a $1.33 trillion market cap, and stays ahead of Tether, the third-largest coin, which sits near $183 billion.
The year-long slide traces back to early 2026. Ethereum slid sharply on recession fears and news that co-founder Vitalik Buterin sold millions of dollars' worth of ETH. The token had reached a peak near $5,000 in August 2025.
A volatile decade-long record
Ethereum's history has swung wildly since its 2014 launch, when each token sold for about 31 cents in its initial coin offering. Its value has climbed more than 60,000% since then, though the path ran through surges above 80% and drops beyond 60% along the way.
For now, ETH remains as volatile as any major cryptocurrency, its price reacting to trader sentiment, network use, and broader economic conditions rather than a single driver.
Source: Fortune
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