Ethereum has now given up all its year-to-date gains in 2026, and is also down on a year-over-year basis. This move is notable, considering Ethereum recently hit a new all-time high in August 2025.

Ethereum (ETH) dropped roughly 50% into early 2025 while Bitcoin gained 16% over the same period. Bitcoin ETFs attracted $40.6B in net inflows since January 2024 compared to only $3.2B for Ethereum ...