Ethereum's price history spans more than a decade, from its ICO in 2014 to the present day. The token has experienced several major bull and bear cycles, each driven by distinct catalysts.

ETH Price Timeline

2015 (Launch): Ethereum went live on July 30, 2015. The ICO price was $0.311 USD, raising $18.3 million in Bitcoin.

2017 (First Bull Run): ETH surged from ~$8 to over $1,400 USD by January 2018, driven by the ICO boom and growing developer adoption.

2018–2019 (Bear Market): ETH fell 94% from its peak, bottoming near $80 USD in December 2018.

2020 (DeFi Summer): Ethereum's DeFi ecosystem exploded, with the total value locked in DeFi protocols rising from under $1 billion to over $15 billion. ETH rose from ~$130 to over $700 USD.

2021 (All-Time High): Ethereum reached its all-time high of $4,946 USD on November 10, 2021, driven by NFT demand, DeFi growth, and institutional adoption.

2022–2023 (The Merge): Ethereum transitioned from proof-of-work to proof-of-stake in September 2022. Despite this landmark upgrade, macro headwinds pushed ETH below $1,000 USD in 2022.

2024–2025: Approval of Ethereum spot ETFs drove renewed institutional interest. ETH reached approximately $4,000 USD in early 2025 before declining.

2026 (Current): ETH is trading near $2,118 USD with a 52-week range of $1,385 – $4,956 USD.