Ethereum News Today: ETH Slips to $1,866 as Broader Market Pulls Back to Start August

Last Updated: August 1, 2026

Ethereum is trading at $1,866.34 as of August 1, 2026, down 1.23% over the past 24 hours though still up 0.72% over the past week, holding its weekly gain even as broader crypto pulls back to start the new month.

Key Takeaways

• ETH trades at $1,866.34, down 1.23% today but still up 0.72% over the past week
• July closed as one of the strongest months for crypto broadly in over a year, with the CoinDesk 20 index on track for its biggest monthly gain since July 2025
• The broader DeFi sector fell roughly 3% today, with tokens including Aave and Lido DAO among the sharpest decliners, a headwind for Ethereum-based protocols specifically
• Options traders are increasingly buying downside protection on Bitcoin against a possible drop toward $60,000, reflecting broader market caution heading into August
• Market cap sits near $225.23 billion on $8.08 billion in 24-hour volume

Market Overview

Metric	Value
Price	$1,866.34
1h Change	-0.08%
24h Change	-1.23%
7d Change	+0.72%
Market Cap	$225.23B
24h Volume	$8.08B
Circulating Supply	120.68M ETH

Ethereum Price Today

ETH is pulling back today alongside the broader market, though it remains one of the few majors still holding a positive weekly gain. The DeFi sector’s sharper roughly 3% decline today is a notable headwind specifically for Ethereum, given how much DeFi activity runs on top of the network — Aave and Lido DAO, both significant Ethereum-based protocols, were among today’s largest decliners.

Support and Resistance

Level	Price
Resistance 2	$1,960
Resistance 1	$1,920
Current Price	$1,866
Support 1	$1,820
Support 2	$1,780

Why Is Ethereum Down Today?

Ethereum’s decline today tracks broader crypto market caution as traders take profits following July’s strong performance and position more defensively ahead of a historically choppier August. The DeFi sector’s underperformance is a particular drag on ETH, since major DeFi protocols like Aave and Lido are built on the Ethereum network and their weakness reflects reduced risk appetite specifically within that ecosystem.

What This Means for the Days Ahead

Upcoming US jobs data and lingering rate-hike concerns remain the key macro catalysts likely to shape sentiment across crypto, including Ethereum, over the coming weeks. Whether Ethereum can hold its weekly gain through further volatility may depend on whether DeFi activity stabilizes or continues weighing on the network’s broader ecosystem.

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.