Ethereum — 2026-09-24
$2,662.32Down -1.74%24h
Change since the previous record
Down $53.07 (1.95%)
- Previous record
- $2,715.39 · 2026-09-23 14:02 UTC
View the previous record. Based on the two recorded prices; separate from the 24h change.
Market commentary
CoinMarketCap AI commentary (attributed, not independently verified)
Ethereum is down 3.03% to $2,679.70 in 24h, closely following a broader market correction primarily driven by a macro sell-off after strong U.S. economic data boosted Treasury yields and triggered over $425 million in leveraged long liquidations.
- Primary reason: Macro-driven risk-off move. Strong U.S. PMI data raised expectations for a Fed rate hike, pushing the 10-year Treasury yield above 5.11% and pressuring risk assets like crypto.
- Secondary reasons: A cascade of long liquidations amplified the drop, with over $43 million in ETH longs liquidated in one hour on September 23.
- Near-term market outlook: If ETH holds above the $2,580 Fibonacci support, it could retest resistance at $2,800. A break below risks a drop toward $2,450, with the upcoming "Glamsterdam" testnet launch on October 6 as a potential catalyst.
Research details
- Confidence
- MEDIUM
- Status
- CHANGED
- Previous record source
- CoinMarketCap AI (page-embedded data, automated collector)
Evidence
CoinMarketCap price-analysis page data: US$2,662.32, -1.74% (24h). Analysis title: "Latest Ethereum (ETH) Price Analysis".
Verification notes
Price and 24h change were read directly from CoinMarketCap's own page data (not cross-checked against an independent feed). CMC AI's analysis text is attributed commentary, not independently verified fact; catalyst/causal claims within it require separate confirmation before being treated as fact.
Why it matters
Tracks Ethereum's latest price move and CoinMarketCap AI's own stated reasoning, without independent cross-verification against a second price feed.