Ethereum News Today: ETH Holds Near $1,920 as Bitmine Closes In on 5% Supply Target

Last Updated: July 22, 2026

Ethereum is trading at $1,919.32 as of July 22, 2026, down 1.07% over the past 24 hours but up 2.44% over the past week, outperforming Bitcoin on a weekly basis for the second week running. The move comes as Bitmine Immersion, the Tom Lee-chaired corporate ETH treasury, continues accumulating toward its stated goal of holding 5% of Ethereum’s circulating supply — the firm’s holdings are now estimated near 4.8% of supply. Lee has continued to argue publicly that Ethereum is undervalued relative to Bitcoin, framing the asset as critical infrastructure for AI-agent transactions and tokenized finance.

Key Takeaways

• Ethereum trades at $1,919.32, down 1.07% today but up 2.44% over the past week; market cap sits near $231.62 billion on $12.07 billion in 24-hour volume.
• Bitmine Immersion, chaired by Tom Lee, holds an estimated 4.8% of ETH’s circulating supply and continues buying toward its publicly stated 5% target.
• Tom Lee has reiterated bullish long-term ETH price targets, framing Ethereum as a “trust layer” for AI-agent transactions and comparing its current stage to Amazon before AWS.
• ETH is outperforming Bitcoin on a weekly basis for the second consecutive week, partly attributed to CLARITY Act optimism benefiting smart-contract platforms specifically.
• Bitmine’s ETH position has swung between multi-billion-dollar paper losses and gains through 2026’s volatility; the firm has consistently bought dips rather than reducing exposure.

Market Overview

Metric	Value
Price	$1,919.32
1h Change	+0.38%
24h Change	-1.07%
7d Change	+2.44%
Market Cap	$231.62B
24h Volume	$12.07B
Circulating Supply	120.68M ETH

Ethereum Price Today

ETH is trading modestly lower over the past 24 hours after outperforming most of the market on a weekly basis. The pullback follows a run driven by both the White House’s CLARITY Act ethics-package agreement and continued Bitmine accumulation headlines, and looks consistent with broader profit-taking across majors today rather than an Ethereum-specific concern. For the wider market picture, see Crypto Market Today.

Support and Resistance

Level	Price
Resistance 2	$2,200
Resistance 1	$1,936
Support 1	$1,900
Support 2	$1,750

Why Is Ethereum Moving Today?

Two overlapping stories are driving ETH right now. First, the same CLARITY Act ethics-package agreement lifting Bitcoin is arguably an even bigger tailwind for Ethereum specifically, since regulatory clarity is widely seen as more consequential for smart-contract platforms and tokenized-asset issuance than for Bitcoin’s simpler use case. Second, Bitmine’s steady accumulation — now approaching its self-imposed 5% supply ceiling — continues to act as a standing source of buy-side demand, with Tom Lee repeatedly using public statements to reinforce his long-term bull case even through sharp drawdowns earlier this year.

What This Means for the Days Ahead

Watch two threads: whether Bitmine’s buying pace holds steady or slows further as it nears the 5% target (the firm has previously signaled it would decelerate to avoid hitting the goal too quickly), and whether the CLARITY Act’s Senate floor vote — expected before the August 7 recess — actually materializes. A vote or further delay will likely move ETH more than typical technical levels over the next two to three weeks.

Compare Crypto Prices Today

Asset	Price	24h Change
Bitcoin	$65,936.81	-0.48%
Ethereum	$1,919.32	-1.07%
XRP	$1.13	+0.03%
Solana	$77.30	-1.41%
BNB	$569.65	-1.25%
TRON	$0.3288	+0.72%

Where to Buy Ethereum

Ethereum can be bought on major exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, and Bybit.

This article is for informational purposes only and does not constitute financial advice. Always conduct independent research before making investment decisions.X.