Ethereum News Today: ETH Holds Near $1,860 as Broader Market Stays Cautiously Steady

Last Updated: August 2, 2026

Ethereum is trading at $1,860.23 as of August 2, 2026, down 0.26% over the past 24 hours and down 1.36% over the past week, holding a relatively tight range as Bitcoin’s ETF-driven stability helps anchor broader crypto sentiment heading into the first full week of August.

Key Takeaways

• ETH trades at $1,860.23, down 0.26% today and down 1.36% over the past week
• Bitcoin’s stability above $63,000, supported by fresh ETF inflows and on-chain accumulation, is providing a steadying influence across the broader market including Ethereum
• A major hardware wallet security incident — the Coldcard exploit, which drained $38 million in Bitcoin from roughly 500 wallets on July 31 — has reignited broader self-custody security debates relevant across crypto
• Friday’s US jobs report and the August 12 CPI release are the next major macro catalysts likely to shape sentiment across Ethereum and the broader market
• Market cap sits near $224.49 billion on $5.84 billion in 24-hour volume

Market Overview

Metric	Value
Price	$1,860.23
1h Change	-0.30%
24h Change	-0.26%
7d Change	-1.36%
Market Cap	$224.49B
24h Volume	$5.84B
Circulating Supply	120.68M ETH

Ethereum Price Today

ETH is trading in a relatively narrow range today, tracking Bitcoin’s steadier tone as fresh ETF inflows and on-chain accumulation help anchor broader sentiment despite seasonal caution around August. Weekend trading volume remains thinner than weekday levels, typical for crypto markets, with more decisive price action likely to wait until macro data releases later in the week.

Support and Resistance

Level	Price
Resistance 2	$1,920
Resistance 1	$1,890
Current Price	$1,860
Support 1	$1,820
Support 2	$1,780

Why Is Ethereum Trading Steady Today?

Ethereum’s relatively calm price action today reflects the broader market’s wait-and-see posture ahead of this week’s key macro data. Bitcoin’s resilience above $63,000, supported by ETF inflows and accumulation data, is providing a stabilizing anchor for sentiment across majors including ETH, even as the Coldcard hardware wallet exploit continues generating discussion about self-custody security practices relevant to Ethereum holders as well as Bitcoin’s.

What This Means for the Days Ahead

Friday’s US jobs report is this week’s most significant catalyst, given its outsized influence on expectations for the Fed’s September rate decision. The August 12 CPI release follows shortly after, with both data points likely to shape risk appetite across Ethereum and the broader crypto market heading deeper into a historically challenging month for digital assets.

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.