Ethereum News Today: ETH Holds $1,581 as Foundation Cuts 20% of Staff and ETF Outflows Persist Into June Close

Last Updated: July 2, 2026

Ethereum is trading at $1,646.01 on July 2, 2026 — up 4.79% over 24 hours — extending the sharp recovery that began with a bounce off $1,548.37 on June 30. The 1H chart shows ETH pushing to a fresh session high of $1,657.53 before pulling back slightly to current levels, continuing the bullish momentum that has defined the past several sessions. Ethereum’s moving averages remain in clear bullish alignment: MA(7) at $1,631.71 sits above MA(25) at $1,618.01, which sits above MA(99) at $1,591.28 — confirming the short, medium, and long-term trends are all now pointing higher.

Key Takeaways

• ETH/USDT at $1,646.01, up 4.79% on the day; 24H high $1,657.53, 24H low $1,565.26
• MA(7) $1,631.71, MA(25) $1,618.01, MA(99) $1,591.28 — full bullish stacking confirms sustained upward momentum
• Ethereum has now rallied roughly $110 from the June 30 low of $1,548.37, extending yesterday’s breakout
• 24h volume reached $558.71M in USDT pairs (344,869 ETH), up sharply and confirming genuine buying interest
• Market cap $198.39B, 7D +0.84% — ETH has now turned positive on the week after last week’s decline
• Ethereum’s rally has outpaced Bitcoin’s percentage gain over the same 24-hour period

ETH Market Overview

Metric	Value
Price	$1,646.01
24h Change	+4.79%
24h High	$1,657.53
24h Low	$1,565.26
7D Change	+0.84%
Market Cap	$198.39B
24h Volume	$558.71M (ETH pairs) / $12.66B (total)
Circulating Supply	120.68M ETH
Max Supply	∞
MA(7)	$1,631.71
MA(25)	$1,618.01
MA(99)	$1,591.28

Ethereum Price Today, July 2, 2026: Extending the Breakout

Ethereum’s rally has continued to build on the sharp reversal that began June 30, with price now up roughly $110 from the $1,548.37 low set that day. The 1H chart shows a clean uptrend through July 2, with ETH pushing to a new session high of $1,657.53 before consolidating slightly below that level near $1,646. Unlike the choppier price action seen in the prior week, this move has been more sustained, with the moving average stack now fully aligned in bullish order across all three timeframes.

Volume of $558.71 million in ETH/USDT pairs over 24 hours, alongside a 21.21% jump in total volume noted on the daily chart, confirms this is a genuine, well-participated rally rather than a thin bounce. Ethereum’s 4.79% daily gain has also outpaced Bitcoin’s percentage move over the same period, suggesting ETH may be leading the broader market’s recovery attempt.

Why Is Ethereum Rallying Today

Ethereum’s continued strength builds directly on the recovery that began after the market found a floor near $1,548 on June 30. With the broader crypto market showing signs of stabilizing following weeks of Extreme Fear sentiment, ETH appears to be attracting renewed institutional and retail interest, reflected in the sustained volume increase alongside the price move. The fact that all three moving averages are now stacked bullishly — rather than compressed or mixed — suggests this rally has more technical conviction behind it than a simple short-term squeeze.

Support and Resistance — July 2

Level	Type
$1,657	Resistance — 24H high, fresh session peak
$1,646	Current price
$1,631	Support — MA(7)
$1,618	Support — MA(25)
$1,591	Support — MA(99)
$1,565	Support — 24H low
$1,548	Support — June 30 cycle low

What This Means for the Days Ahead

With Ethereum now holding above all three key moving averages and pushing to fresh multi-day highs, the next few sessions will be important for confirming whether this rally has staying power. Holding above the MA(7) at $1,631 would keep the short-term structure intact, while a push through $1,657 would open the door to a test of higher resistance levels not seen since before the correction began. A pullback below $1,618 (MA25) would be the first sign that momentum is fading.

For continuous updates, see our Crypto Market Today page.

Ethereum Price Summary Table

Metric	Value
Price (July 2, 2026)	$1,646.01
24h Change	+4.79%
24h High	$1,657.53
24h Low	$1,565.26
7D Change	+0.84%
Market Cap	$198.39B
Circulating Supply	120.68M ETH
MA(7)	$1,631.71
MA(25)	$1,618.01
MA(99)	$1,591.28

Compare Crypto Prices Today

Asset	Price	24h
Bitcoin (BTC)	$60,492.44	+2.63%
Ethereum (ETH)	$1,646.01	+4.79%
XRP	$1.0414	-0.43%
Solana (SOL)	$77.53	+5.44%
BNB	$545.09	-0.86%
TRON (TRX)	$0.3161	+0.19%

Where to Buy Ethereum

Binance — world’s largest exchange by volume, deep ETH/USDT liquidity, low fees. Coinbase — US-regulated, strong institutional custody. Kraken — established security track record, robust fiat on-ramps. KuCoin — competitive fees, good for dollar-cost averaging. Gate.io — wide range of ETH trading pairs. OKX — advanced derivatives, Web3 wallet integration.

For long-term holders, self-custody via a hardware wallet is recommended over keeping large balances on exchanges.

This page is updated regularly. Prices shown are approximate and may differ from live data.

FAQ

What is Ethereum’s price today, July 2, 2026?

Ethereum is trading at $1,646.01 on July 2, 2026, up 4.79% over 24 hours after extending its recovery from a June 30 low of $1,548.37 to a fresh session high of $1,657.53.

Why is Ethereum rallying today?

Ethereum’s continued rally builds on the sharp reversal that began June 30, with the market showing signs of stabilizing after weeks of Extreme Fear sentiment. Elevated trading volume alongside a fully bullish moving average alignment confirms genuine buying interest behind the move.

Is Ethereum outperforming Bitcoin today?

Yes. Ethereum’s 4.79% daily gain has outpaced Bitcoin’s percentage move over the same 24-hour period, suggesting ETH may be leading the broader market’s current recovery.

What is Ethereum’s key support level today?

The MA(7) at $1,631.71 is the nearest technical support. A break below that level, followed by MA(25) at $1,618.01, would be the first signs that current momentum is fading.