---
title: "Why did Ethereum drop 1.2% on October 25, 2026?"
language: en
canonical: "https://whycoinmoves.com/en/coins/ethereum/2026-10-25"
date: 2026-10-25
---

# Why did Ethereum drop 1.2% on October 25, 2026?

On October 25, 2026 (UTC), ETH went from about $2,358.77 to $2,329.79 (-1.22%) on OKX · USDT, trading between $2,310.14 and $2,371.42. For the closed-hour 24h window: ETH largely moved with the market. ETH fell further than this on 6 of the past 29 days. Ethereum declined broadly in line with the wider market, with most other tracked coins also moving down and the move largely tracking Bitcoin. The decline was about its usual daily size on below-usual volume, while OKX perpetual swap conditions showed near-zero funding and flat open interest. No recent report about the coin explains the move, so its cause is unresolved.

- Day open / close: $2,358.77 → $2,329.79 (24 hourly candles, OKX · USDT)
- Day range: $2,310.14 – $2,371.42
- Versus Bitcoin: -1.22% / BTC -0.90%; -0.1 pts left after BTC × its hourly beta 1.22
- Versus the past month: 6 of the past 29 days fell further; Closed-hour 24h move -1.22%, 1.2× its prior 30-day median of 1.0%.
- 30-day range: 16.2% below the high · 2.1% above the low; From hourly highs and lows on the same venue
- Other tracked coins: 16 of 23 moved the same way; 4 moved the other way
- 24h volume: 0.4×; of its prior 30-day daily average
- Perpetual swap: funding near zero · open interest flat; OKX perpetual swap ETH-USDT-SWAP

Computed from OKX · USDT hourly candles for the 24 hours to 26/10/2026, 00:00 UTC.

## Still open

- What prompted the market-wide decline Ethereum moved with? An official statement or exchange notice from the venues involved would settle it.
- Are there pending network, protocol or project developments affecting Ethereum? A project statement, filing or on-chain data would settle it.

Prices, market readings and reports are shown side by side; timing alone does not show what caused a move.

## Same-day movers · 2026-10-25 (UTC)

- [Quantus (QTC) +21.68%](<https://whycoinmoves.com/en/coins/quantus/2026-10-25>)
- [Quant (QNT) +6.11%](<https://whycoinmoves.com/en/coins/quant-network/2026-10-25>)
- [Pepe (PEPE) -5.06%](<https://whycoinmoves.com/en/coins/pepe/2026-10-25>)
- [Pi Network (PI) -2.33%](<https://whycoinmoves.com/en/coins/pi-network/2026-10-25>)
- [Stellar (XLM) -1.94%](<https://whycoinmoves.com/en/coins/stellar/2026-10-25>)

[Ethereum (ETH) price and news](<https://whycoinmoves.com/en/coins/ethereum>)
[Methods and limitations](<https://whycoinmoves.com/en/methodology>)