FX
Ethereum (USD)
The dollar price of ethereum, the second-largest crypto asset, a breadth read on crypto risk appetite.
At a glance
Ethereum (USD): latest value and prior change
As of 2026-08-04, Ethereum (USD) is 1,875 USD. It is 17.20 USD higher than 1,858 USD on 2026-08-03.
Across 182 available observations from 2026-02-04 to 2026-08-04, the latest value is at the tie-adjusted 30th percentile.
- Observed on
- Default comparison window
- 2026-02-04–2026-08-04
- Observations · observed cadence
- 182 · Daily
- Data source
- Yahoo Finance
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
Time-series chart
Ethereum (USD)
2026-02-04–2026-08-04
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Interpretation guide
Ethereum in dollars: crypto risk appetite's second axis
Ethereum is the second-largest crypto asset and the flagship smart-contract platform. Where bitcoin trades as digital gold, ethereum is closer to a bet on the blockchain application ecosystem — so the pair's relative strength measures how deep crypto risk appetite runs.
What moves the price
Ethereum correlates tightly with bitcoin but with higher beta, and its own variables — staking yields, network fees, spot ETF flows — drive the gap between the two.
- Surging network fees signal genuine on-chain activity growth.
- Supply locked in staking is a structural drag on circulating float.
- Spot ETF flows are the key institutional-demand gauge, as with bitcoin.
Relative strength versus bitcoin
The ETH/BTC ratio is the classic depth gauge of crypto risk appetite. A rising ratio means money is spreading beyond bitcoin into the application layer; a falling one means flight to crypto's safest asset.
- Ethereum starting to outperform bitcoin is widely read as the onset of altcoin season.
- Bitcoin-only rallies with ethereum lagging mean risk appetite is still shallow.
- In crashes, higher-beta ethereum typically falls harder than bitcoin.
Uses and misreads
Ethereum answers to protocol upgrades and ecosystem competition (Solana and others), so bitcoin logic alone misleads. Use it as an intra-crypto relative-strength gauge.
- Distinguish ethereum weakness from broad crypto weakness versus migration to rival chains.
- Pair with the kimchi premium and domestic turnover to gauge Korean altcoin heat.
- Volatility expansions around network upgrades are a recurring pattern.