Ethereum News Today: ETH Falls to $1,842 as Broader Market Weakness Deepens

Last Updated: August 3, 2026

Ethereum is trading at $1,842.09 as of August 3, 2026, down 1.29% over the past 24 hours and down 6.16% over the past week, underperforming Bitcoin as broader crypto market weakness deepens to start the new week.

Key Takeaways

• ETH trades at $1,842.09, down 1.29% today and down 6.16% over the past week, a sharper decline than Bitcoin’s
• Large Bitcoin holders selling into recent strength has discouraged broader dip-buying demand, a dynamic weighing on Ethereum and other majors alongside BTC
• A fourth wave of Coldcard hardware wallet attacks drained roughly 389 BTC from affected users, adding to cautious sentiment around self-custody security across crypto
• Today’s ISM manufacturing survey data for July is the first of several macro releases this week that could shape broader risk appetite
• Market cap sits near $222.3 billion on $6.31 billion in 24-hour volume

Market Overview

Metric	Value
Price	$1,842.09
1h Change	-0.39%
24h Change	-1.29%
7d Change	-6.16%
Market Cap	$222.3B
24h Volume	$6.31B
Circulating Supply	120.68M ETH

Ethereum Price Today

ETH is underperforming Bitcoin today, extending a weaker stretch that’s taken the token down more than 6% over the past week. The decline tracks broader market weakness driven by large Bitcoin holders selling into recent strength, a pattern that’s discouraged the usual dip-buying demand and weighed on sentiment across majors including Ethereum.

Support and Resistance

Level	Price
Resistance 2	$1,920
Resistance 1	$1,880
Current Price	$1,842
Support 1	$1,800
Support 2	$1,750

Why Is Ethereum Down Today?

Ethereum’s sharper decline compared to Bitcoin reflects its typically higher-beta profile during broader risk-off periods. The renewed Coldcard hardware wallet attacks, now in a fourth wave, are adding to cautious sentiment across the self-custody community more broadly, even though the exploit itself is specific to certain Bitcoin wallet setups rather than Ethereum directly.

What This Means for the Days Ahead

Today’s ISM manufacturing survey is the first of several macro data points this week, with the CLARITY Act’s effective deadline — the Senate’s summer recess beginning around August 7 — also approaching. Whether large-holder selling pressure eases across the broader market will likely determine if Ethereum can stabilize or continues underperforming through the rest of the week.

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.