In this video I break down the current Ethereum price action using Elliott Wave analysis to determine if the bearish trend is set to continue. I examine key Fibonacci resistance zones, trend line interactions, and the historical context of bear market drawdowns to see how current ETH levels compare to past cycles.
As of July 8, 2026, Ethereum is trading at $1,770.14 USD, experiencing a brief consolidation after strongly outperforming Bitcoin with a 13% to 14.4% gain over the last week.
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Ethereum (ETH) Price News & Insights Today 8-7-2026 - Technical analysis, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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Ethereum Insights Today
-Spot ETF Inflows: Institutional sentiment is shifting. U.S. spot Ether ETFs clocked four consecutive sessions of net inflows, led by BlackRock's ETHA which drew $23.29 million in a single day.
-The "Clarity Act" Speculation: Prediction markets have raised the odds of the regulatory Clarity Act passing to 50%. This regulation is highly beneficial for smart-contract platforms. It is currently driving an increase in the ETH/BTC ratio
-Institutional Accumulation: Corporate treasuries are buying up supply. Notably, Bitmine Immersion Technologies expanded its massive treasury to 5.74 million ETH (4.8% of the total circulating supply), validating long-term whale support.
-Protocol Upgrades: Vitalik Buterin recently published the "Lean Ethereum" roadmap outlining essential updates for quantum safety, privacy, and scalability through 2029.
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