Ethereum falls to $2,538 in a broad altcoin pullback
Updated September 27, 2026. · Written by Svetoslav Grigorov
Second correction, September 13, 2026: Ethereum pulls back along with the rest of altcoins after the rebound described in the previous correction. Context from the original August 25 analysis remains below, followed by a September 27 follow-up.
VERIFIED Ethereum (ETH) trades at $2,538.54, down 3.45% over 24 hours, according to CoinDesk checked on September 13, 2026.
How it compares with other large cryptocurrencies
VERIFIED Ethereum's drop these past few days is similar in size to Solana's (-2.89%) and XRP's (-3.38%), pointing to a broad altcoin market move rather than something specific to Ethereum — unlike Bitcoin's drop over the same window, which has been more moderate.
What was behind the renewed interest (earlier context)
HYPOTHESIS Investor Arthur Hayes has named Ethereum his No. 1 crypto pick, saying it could rally 3x to 5x "pretty quickly"; strategist Tom Lee has said ETH remains "vastly undervalued," given its role in settling AI agent transactions. These are opinions from public figures in the space, attributed to them, not facts independently verified by this site.
Follow-up (September 27, 2026)
VERIFIED Ethereum trades at $2,687.98, with a market cap of about $328.153 billion, per CoinGecko data checked on September 27, 2026 (source). The same page puts its all-time high at $4,946.05.
How the price has moved, stage by stage
CALCULATED Fortune priced ETH at $2,482.53 at 8 a.m. ET on August 25; CoinDesk showed $2,538.54 on September 13; CoinGecko shows $2,687.98 on September 27. From August 25 to September 13 the price rose +2.26%; from September 13 to September 27, +5.89%; in total since publication, +8.28% — (2,687.98 − 2,482.53) / 2,482.53 × 100. Against the resistance near $2,550 cited by the August coverage, the price was 0.45% below it on September 13 and is 5.41% above it on September 27; it is still −45.65% below its all-time high of $4,946.05. Claromercado's own calculation, not a figure published by the source.
HYPOTHESIS Trading above a level the August coverage described as a ceiling is a technical change worth noting, but a few days above it do not confirm it has turned into support.
What this does not mean
HYPOTHESIS The roughly 30% seven-day rally reported by the August 25 technical coverage and bullish takes from well-known investors do not guarantee the price will rise — they are signals of interest and market sentiment, not a forecast. Before this update, the same technical coverage described the prior month's rally as "overheating" just below resistance near $2,550; that tension between enthusiasm and technical resistance still stands.
Sources for the second correction, September 13, 2026: CoinDesk: Ethereum Price. Sources for the September 1, 2026 correction: CoinGecko: Ethereum Price. Original sources from August 25, 2026: Fortune: Current price of Ethereum for August 25, 2026, crypto.news: Ethereum price rally overheats below $2,550 resistance. Additional sources consulted on September 27, 2026: CoinGecko: Ethereum Price.
Educational notice: this article is analysis based on public data, may be wrong, and is not financial advice. It is not a buy or sell recommendation. The decision and the risk are always the reader's own.