Ethereum News Today: ETH Climbs to $1,854 as Market Recovers From Institutional Selling Pressure

Last Updated: August 4, 2026

Ethereum is trading at $1,854.18 as of August 4, 2026, up 0.77% over the past 24 hours though still down 1.48% over the past week, recovering modestly after a stretch of institutional selling pressure that kept the token trading within a narrow range.

Key Takeaways

• ETH trades at $1,854.18, up 0.77% today though still down 1.48% over the past week
• Ethereum has been trading within a narrow range following recent institutional selling pressure, according to market analysts tracking the token’s price structure
• The Federal Reserve’s July hold saw three officials dissent in favor of a hike, lifting September rate-hike odds above 60% and adding a fresh source of macro uncertainty
• The Coldcard hardware wallet exploit has entered its fifth day, keeping broader crypto sentiment cautious even as Bitcoin and Ethereum both recover today
• Market cap sits near $223.76 billion on $7.74 billion in 24-hour volume

Market Overview

Metric	Value
Price	$1,854.18
1h Change	-0.33%
24h Change	+0.77%
7d Change	-1.48%
Market Cap	$223.76B
24h Volume	$7.74B
Circulating Supply	120.68M ETH

Ethereum Price Today

ETH is recovering modestly today, though it remains within the narrow trading range that’s characterized its price action since institutional selling pressure emerged in recent sessions. The token’s weekly decline, while more moderate than some majors, reflects a market still working through last week’s dense run of catalysts, including the Coldcard exploit and a hawkish Fed hold.

Support and Resistance

Level	Price
Resistance 2	$1,920
Resistance 1	$1,890
Current Price	$1,854
Support 1	$1,820
Support 2	$1,780

Why Is Ethereum Up Today?

Ethereum’s recovery today tracks Bitcoin’s own bounce, with both majors climbing as markets appear to absorb last week’s negative catalysts without breaking down further. Institutional selling pressure that had kept ETH range-bound in recent sessions appears to be easing modestly, though analysts caution the token remains range-bound absent a fresh catalyst to break the pattern decisively.

What This Means for the Days Ahead

With September rate-hike odds now above 60% after three Fed officials dissented in favor of a hike in July, Ethereum’s near-term path will likely depend on how that shifting rate outlook affects broader risk appetite. Continued monitoring of ETF flows and institutional positioning remains the key signal to watch for confirmation that this week’s recovery has legs.

For broader market context, see crypto market today, Bitcoin news today, and today’s top crypto headlines. See how XRP and Dogecoin are trading today, and check Zcash news today for the latest on ZEC.d today’s top crypto headlines.