Ethereum — 2026-10-02
$2,705.52Up +0.48%24h
Change since the previous record
Up $25.44 (0.95%)
- Previous record
- $2,680.08 · 2026-10-01 15:57 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 up 1.25% to $2,719.53 in 24h, closely tracking a broader market rally primarily driven by supportive macro data. It shows a strong correlation (0.80) with the Russell 2000 ETF, indicating a broad risk-asset move.
- Primary reason: Broader market tailwinds from softer inflation data, which reduced expectations for near-term Federal Reserve rate hikes and lifted risk appetite.
- Secondary reasons: Positive analyst sentiment, notably Citigroup raising its 12-month Ethereum price target to $3,028.
- Near-term market outlook: If ETH holds above the $2,700 support, a retest of the $2,807 September high is likely; a break below $2,564 could signal weakening momentum.
Research details
- Confidence
- MEDIUM
- Status
- CHANGED
- Previous record source
- CoinMarketCap AI (page-embedded data, automated collector)
Evidence
CoinMarketCap price-analysis page data: US$2,705.52, +0.48% (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.