In this video I break down the current Ethereum price action and the potential for a wave two reversal. I analyze the key resistance zones between 1,815 and 2,226 that have been the focus of our Q3 outlook and discuss why the current market structure is becoming increasingly difficult to read.
Ethereum (ETH) is trading at approximately $1,905 to $1,917 (€1,663 to €1,682), reflecting a modest 1.5% to 2% daily gain as the market experiences active on-chain buying and structural shifts.
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Ethereum (ETH) Price News & Insights Today 29-7-2026 - Technical analysis, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
Ethereum Insights Today
-The Fed Decision Looming: The broader crypto market is moving cautiously ahead of the U.S. Federal Reserve’s interest rate announcement. Analysts note that a "hawkish hold" could test short-term resistance, while any dovish sentiment could spark a breakout toward the $2,000 level.
-Institutional Accumulation: Despite recent macro volatility, institutional buying remains highly aggressive. Corporate entity BitMine expanded its treasury reserves by purchasing an additional 7,500 ETH (~$14.61 million), bringing massive long-term structural support.
-Spot ETF Inflows: U.S. spot Ethereum ETFs recorded a net positive inflow of $14.53 million, anchored significantly by BlackRock's ETHA fund and Morgan Stanley's newly launched MSSE fund.
-Sustained Ecosystem Expansion: On the adoption front, a non-profit initiative called Ethereum Institutional successfully completed an ecosystem funding round backed by over 100 major financial giants, asset managers, and sovereign protocols (including Circle, Aave, and Consensys) to streamline banking integration.
-Technical Setup: Technical indicators on Bybit show strong large-scale on-chain buying clusters. ETH is currently sustaining momentum within an ascending channel, with traders looking closely to flip the crucial $2,000 resistance level into support.
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