Last Updated: October 16, 2026
Ethereum traded near $2,450 on the morning of October 16 (UTC), up 3.24% over 24 hours but down 1.44% over seven days, after dipping to $2,314 early Thursday, its lowest level since August 20, according to CoinDesk data. US spot Ether ETFs lost $129.51 million on Wednesday and $60.22 million on Thursday, a combined $189.73 million, according to SoSoValue, after a $24.84 million inflow on Tuesday. Interactive Brokers launched Ethereum staking for eligible clients on October 13, VanEck asked the SEC on October 14 to withdraw its Lido Staked Ethereum ETF, and BitMine says it is 99% of the way to its 5% supply target.
Key Takeaways
- ETH trades near $2,450, up 3.24% over 24 hours and down 1.44% over seven days, according to CoinMarketCap, with a market capitalization of about $299.5 billion and 24-hour volume of about $13.3 billion. Bitcoin gained 1.08% over 24 hours and is down 0.61% on the week, so ETH has lagged over seven days. ETH sits about 50% below its August 2025 all-time high, and CoinDesk noted that it has fallen faster than Bitcoin since topping $2,800 on September 21.
- US spot Ether ETFs lost $129.51 million on Wednesday, about $110 million of it from BlackRock’s ETHA, and $60.22 million on Thursday, when ETHA lost $44.39 million, Grayscale funds lost $18.28 million and Fidelity’s FETH took in $2.44 million, according to SoSoValue. Tuesday’s $24.84 million inflow had ended a ten-session outflow streak, and with Monday’s $85.4 million outflow the funds are down a net $250.3 million over the four sessions this week. Total net assets are about $15.29 billion and cumulative net inflows about $13.01 billion.
- Interactive Brokers launched Ethereum staking on October 13 for eligible clients through a Staking Dashboard in its Client Portal, with ZeroHash providing the service and rewards credited as additional staked ETH. It did not disclose reward rates or fees, and availability varies by affiliate and country of residence. The next day VanEck filed to withdraw its Lido Staked Ethereum ETF registration, nearly a year after first filing it, saying no shares were ever sold and giving no reason.
- BitMine bought 12,532 ETH last week and held 6,028,946 ETH as of its October 12 update, about 4.9% of the circulating supply, and says it is 99% of the way to its 5% target. CoinDesk reported that Chairman Tom Lee said at TOKEN2049 in Singapore on October 7 that the company will stop buying at 5%, and its next weekly update is due on Monday.
- Glamsterdam went live on the Sepolia testnet on October 6. Client releases for the Hoodi test fork are due today, October 16, and developers set the Hoodi fork for Monday, October 26 at their October 8 call. The upgrade targets a gas limit of about 200 million, more than three times today’s 60 million, and mainnet has no date, although the Ethereum Foundation lists it as the fourth quarter of 2026.
Ethereum (ETH) Market Overview
| Metric | Value |
|---|---|
| ETH Price Today | $2,449.32 |
| 24h Change | +3.24% |
| 7d Change | -1.44% |
| Market Cap | $299.5B |
| 24h Volume | $13.3B |
| Circulating Supply | 122.14M ETH |
| Max Supply | Unlimited |
Data sourced from CoinMarketCap, morning of October 16 (UTC).
Ethereum News Today: Price Analysis
ETH fell below $2,500 on Wednesday after September CPI came in at 3.7% year over year against 3.6% expected, then slid about 6% over 24 hours to roughly $2,350 as a deepening AI-stock selloff and uncertainty over the Federal Reserve’s next rate decision weighed on markets, CoinDesk reported. Nearly $483 million of bitcoin and ether futures were liquidated over that 24 hours, about $286 million of it in ETH, and ETH touched $2,314 early Thursday, its lowest since August 20. The September producer price report arrived at 8:30 a.m. ET, after that low, with prices up 1.3% on the month and core prices up 0.7% against a 0.3% forecast. The 10-year Treasury yield then fell to about 5.04%, its lowest in roughly a month, and ETH was back near $2,450 by Friday morning. CoinDesk linked ETH’s underperformance against Bitcoin to elevated bond yields, which reduce the appeal of the yield-generating DeFi protocols built mostly on Ethereum.
ETF demand is the weak spot. After Tuesday’s $24.84 million inflow, the funds lost $129.51 million on Wednesday and $60.22 million on Thursday, and BlackRock’s ETHA accounted for about $154 million of that $189.73 million. Our report on the nine-session outflow streak through October 9 has the earlier daily figures. Staking is the other story. Interactive Brokers now gives eligible clients an Ethereum staking route through ZeroHash, while VanEck’s withdrawal removes a planned liquid-staking ETF from the pipeline, as our reports on the Interactive Brokers launch and the VanEck withdrawal explain.
BitMine’s cap is the supply-side story. The company bought 12,532 ETH last week, worth about $31 million at current prices, and now holds 6,028,946 ETH. Lee said on October 7 that buying stops at 5%, and at last week’s pace the remaining gap would take roughly six to seven weeks to close. The purchases are small next to ETH’s $13.3 billion in daily volume, so the direct flow impact of the buying ending is limited, although it removes a predictable weekly buyer. Our report on BitMine’s 5% cap has the detail, and live quotes and historical highs are on our Ethereum price page.
Support and Resistance Levels
| Level Type | Price |
|---|---|
| Key Resistance | $2,575 |
| Immediate Resistance | $2,500 |
| Immediate Support | $2,400 |
| Key Support | $2,325 |
$2,575 is the area of the week’s high, set on October 12, and $2,500 is the round number ETH lost after Wednesday’s CPI report. $2,400 sits just below Wednesday’s low of about $2,404, and $2,325 is the area of Thursday’s low, which printed between $2,314 on CoinDesk data and about $2,325 depending on the provider. Levels are illustrative, not guaranteed.
Why Is Ethereum Trending Today?
Ethereum is trending on a drop to its lowest level since August 20, $189.7 million of ETF outflows over two days, Interactive Brokers’ staking launch and VanEck’s withdrawal of its Lido ETF filing. For the full market picture, see crypto market today, and for today’s other headlines, check crypto news today.
What This Means for the Days Ahead
Friday’s ETF data will show whether outflows continue after Tuesday’s one-day inflow, and BitMine’s next weekly update on Monday will show whether its purchases keep slowing. Client releases for the Hoodi test fork are due today, October 16, and developers set the fork for Monday, October 26 at their October 8 call. Glamsterdam targets a gas limit of about 200 million, more than three times the current 60 million. Mainnet has no date, and any date reported in the coming days is a proposal rather than a decision. The Federal Reserve meets on October 27 and 28.
On the chart, ETH needs to hold $2,400 to avoid a retest of Thursday’s low near $2,325. A move above $2,500 would put the week’s high near $2,575 in view.
See how other majors are trading today on Bitcoin News Today, XRP News Today, Zcash News Today, and Hedera (HBAR) News Today.
Compare Crypto Prices Today
| Asset | Price Page |
|---|---|
| Bitcoin | Bitcoin Price |
| Ethereum | Ethereum Price |
| XRP | XRP Price |
| Solana | Solana Price |
| BNB | BNB Price |
| TRON | TRON Price |
Where to Buy Ethereum
Ethereum can be purchased on major exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, and Bybit. US investors can also get exposure through spot Ether ETFs in a brokerage account. For a look at other platforms accepting crypto, see our crypto casinos guide.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before investing.
FAQ
What is the price of Ethereum today?
Ethereum trades near $2,450 on the morning of October 16, 2026, up 3.24% over 24 hours and down 1.44% over seven days, according to CoinMarketCap. Market capitalization is about $299.5 billion on roughly $13.3 billion in daily volume. ETH touched $2,314 early Thursday, its lowest level since August 20, and sits about 50% below its August 2025 all-time high.
Why did Ethereum fall to its lowest level since August 20?
CoinDesk tied the drop to a hot September CPI report, a deepening AI-stock selloff and uncertainty over the Federal Reserve’s next rate decision. ETH slid about 6% over 24 hours to roughly $2,350 and touched $2,314 early Thursday, before the producer price report was released. Nearly $483 million of bitcoin and ether futures were liquidated over that period, about $286 million of it in ETH.
Are Ethereum ETFs seeing outflows?
Yes. US spot Ether ETFs lost $129.51 million on Wednesday and $60.22 million on Thursday, a combined $189.73 million, according to SoSoValue. Tuesday’s $24.84 million inflow had ended a ten-session outflow streak that began on September 29. Total net assets are about $15.29 billion, and cumulative net inflows stand at about $13.01 billion.
Can Interactive Brokers clients stake Ethereum?
Yes. Eligible Interactive Brokers clients can stake Ethereum through a Staking Dashboard in the Client Portal, with ZeroHash providing the service and rewards credited as additional staked ETH. The company did not disclose reward rates or fees, availability varies by affiliate and country of residence, and staking rewards are not guaranteed. The launch came on October 13.
