Ethereum — 2026-10-08
$2,431.68Down -5.34%24h
Change since the previous record
Down $136.97 (5.33%)
- Previous record
- $2,568.65 · 2026-10-07 16:03 UTC
View the previous record. Based on the two recorded prices; separate from the 24h change.
Research details
- Confidence
- MEDIUM
- Status
- CHANGED
- Previous record source
- CoinMarketCap AI (page-embedded data, automated collector)
Collector note
The commentary below quotes different figures (down 3.91% to $2,464.41) from the recorded price above.
CoinMarketCap AI commentary
Retained for audit context; its figures conflict with the recorded price above and it is not independently verified.
Ethereum is down 3.91% to $2,464.41 in 24h, underperforming a broader market decline and primarily driven by a macro-driven risk-off move across all crypto assets.
- Primary reason: Broader market sell-off. The entire crypto market cap fell 2.47%, with Bitcoin down 2.1%. The move was triggered by rising geopolitical risks and a flight from risk assets.
- Secondary reasons: Sustained institutional selling pressure. U.S. spot Ethereum ETFs posted their seventh consecutive day of net outflows ($161M on Oct. 7), while concerns grew over a key steady buyer (BitMine) nearing its accumulation cap.
- Near-term market outlook: Bearish pressure below key moving averages. If ETH holds above the $2,400–$2,450 support zone, it could consolidate; a break below risks a drop toward $2,300. A reclaim of the 7-day SMA near $2,541 is needed to signal stabilization.
Evidence
CoinMarketCap price-analysis page data: US$2,431.68, -5.34% (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.