Ethereum (ETH) Daily Market Analysis 05 July 2026

Here's the latest on Ethereum – institutional momentum meets cautious price action: • ETH trades at $1,776.77 on 5 July 2026, up 12.91% weekly, consolidating just below $1,800 resistance • Ethereum Institutional launched 1 July as a nonprofit to bridge banks and asset managers with the ecosystem • Ethereum Foundation released a government-focused adoption guide on 1 July, targeting tokenization and digital identity • Ondo Finance tokenized BlackRock's S&P 500 ETF and Micron stock on Ethereum on 3 July • Foundation cut 54 positions and reduced 2026 budget by 40%, creating mixed signals on development capacity