Ethereum News Today: ETH Climbs to $1,918 as Morgan Stanley Launches Low-Fee ETH ETF

Last Updated: July 29, 2026

Ethereum is trading at $1,918.24 as of July 29, 2026, up 2.01% over the past 24 hours and roughly flat over the past week, outperforming Bitcoin today as Morgan Stanley launched a new spot ETH ETF with the lowest fee of any Ethereum fund on the market.

Key Takeaways

• ETH trades at $1,918.24, up 2.01% today and down just 0.10% over the past week — outperforming Bitcoin on both measures
• Morgan Stanley launched spot ETH and SOL ETFs on NYSE Arca yesterday with a 0.14% fee, the lowest of any comparable fund, building on the firm’s $14 billion ETF/ETP suite
• The Federal Reserve’s rate decision lands later today, with prediction markets pricing a real chance of a surprise hike for the first time this cycle
• Bitcoin has shown growing signs of decoupling from the AI-equity trade this week, a pattern that appears to be lifting sentiment across majors including Ethereum
• Zcash’s Ironwood upgrade activated successfully yesterday, removing a security overhang that had weighed on privacy-focused crypto sentiment broadly

Market Overview

Metric	Value
Price	$1,918.24
1h Change	+0.07%
24h Change	+2.01%
7d Change	-0.10%
Market Cap	$231.49B
24h Volume	$11.62B
Circulating Supply	120.68M ETH

Ethereum Price Today

ETH is outpacing Bitcoin today, extending a pattern of relative strength that’s held for much of the past several weeks. Today’s gain comes alongside genuinely positive fund-flow news: Morgan Stanley’s new spot ETH ETF launched with the lowest fee in the category, a competitive move that could pressure other issuers and expand institutional access to ETH exposure through one of Wall Street’s largest asset managers.

Support and Resistance

Level	Price
Resistance 2	$2,000
Resistance 1	$1,960
Current Price	$1,918
Support 1	$1,880
Support 2	$1,850

Morgan Stanley’s New ETH ETF

Morgan Stanley launched spot Ethereum and Solana ETFs on NYSE Arca yesterday, July 28, with a 0.14% fee — the lowest fee of any comparable fund in either category. The funds stake their underlying holdings and pass staking rewards through to investors, adding a yield component on top of simple price exposure. The launch builds on Morgan Stanley’s broader $14 billion ETF and ETP product suite, including a Bitcoin trust that has topped $381 million. A fee this low from a major issuer could pressure competing ETH funds to cut costs, potentially expanding institutional access to Ethereum exposure over time.

Why Is Ethereum Up Today?

Today’s gain combines genuine fund-flow news with broader positive sentiment: Morgan Stanley’s low-fee ETH ETF launch is a real structural positive for institutional access, while Bitcoin’s apparent decoupling from the AI-equity selloff this week is lifting risk appetite across majors, including Ethereum. Traders are also positioning ahead of today’s Fed decision, which carries unusually high uncertainty given a real, if still minority, chance of a surprise rate hike.

What This Means for the Days Ahead

Today’s Fed decision is the dominant near-term catalyst for all of crypto, including Ethereum. Beyond that, watch for early flow data on Morgan Stanley’s new ETH ETF as a signal of institutional appetite for the lowest-fee option in the category, along with GDP and PCE inflation data later this 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 coverage of the successful Ironwood activation.