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$BTC $ETH Crypto Market Update — Today (August 7, 2026) Here's a quick overview of today's crypto market: Bitcoin (BTC): Trading around $64,000–$65,000, remaining range-bound after failing to sustain a move above $67,000 earlier this week. Analysts are watching the $64K support level closely. (The Economic Times) Ethereum (ETH): Around $1,900–1,920, showing a modest recovery but still underperforming Bitcoin. (Investing News Network (INN)) XRP: Trading near $1.07, with relatively flat price action over the last 24 hours. (Investing News Network (INN)) Solana (SOL): Around $74, posting small gains alongside other major altcoins. (Investing News Network (INN)) Key market drivers Investors are awaiting the latest U.S. jobs report, which could influence expectations for interest rates and affect crypto market volatility. (Reuters) Uncertainty continues around the proposed U.S. Digital Asset Market Clarity Act, keeping traders cautious about regulatory developments. (CoinDesk) Overall sentiment is neutral to slightly bullish, but trading volumes remain relatively light, suggesting many investors are waiting for a stronger catalyst. (Pluang) If you're interested, I can also provide: 📈 Top gainers and losers today 🪙 Memecoin update (DOGE, SHIB, PEPE, BONK) 📊 Technical analysis for BTC and ETH (support/resistance levels) 📰 Major crypto news affecting the market today

🍩 ETH · Long · 4H 🎯 Entry 1908.77 → Target 2016.96482462 (≈ +5.7%) 🛑 Stop 1842.81272685 📊 Hit 44.61% · Avg +1.38% · 269 trades $ETH

While the broader market is still searching for direction, Ethereum has quietly rebuilt its structure near $1,900 — and the next move could decide whether $2,000 becomes support rather than resistance. On the daily chart, $ETH has formed a clear double bottom around the $1,500 region and recovered back above the important $1,850–$1,880 support zone. Buyers continue stepping in there, which suggests the recent bounce is more than just a short-lived reaction. Momentum is improving, but Ethereum still needs a stronger breakout to confirm the recovery. Like $BTC , ETH can spend weeks moving sideways before one decisive candle changes the entire structure. Right now, the market looks compressed rather than weak. The first major resistance sits near $2,150, where the 200-day EMA is waiting. That level matters because reclaiming it could attract fresh buyers and force traders who expected another decline to reconsider their positions. Key levels I’m watching: – $2,000 — the immediate psychological barrier. Holding above it would show that buyers are gaining confidence. – $2,150 — the real breakout trigger. A strong close above this level could open the path toward $2,400. 🚀 If ETH clears those levels with rising volume, the next broader resistance sits near $2,800. But if buyers lose the $1,850 support zone, another pullback toward $1,700–$1,750 could happen before the recovery continues. To simplify: $ETH rarely makes its strongest move while everyone is watching the obvious level. It usually builds quietly underneath resistance, tests traders’ patience, and then expands quickly. And right now? Ethereum is sitting exactly in that decision zone. 🧠📈

Ethereum (ETH) is trading around $1,911, continuing to consolidate after rebounding from its June lows. While the short-term structure has improved, ETH remains below the major higher-timeframe moving averages, suggesting the broader trend is still cautious. 📈 EMA Structure 20 EMA: $1,877 50 EMA: $1,856 100 EMA: $1,926 200 EMA: $2,153 ETH is trading above the 20 and 50 EMA, reflecting improving short-term momentum. However, price remains below the 100 and 200 EMA, meaning buyers still need to overcome major resistance to confirm a broader trend reversal. 📐 Fibonacci & Market Structure ETH continues to trade below the 0.236 Fibonacci level at $2,315, indicating the long-term corrective structure remains intact. Bullish Targets $1,926 (100 EMA) $2,153 (200 EMA) $2,315 (0.236 Fibonacci) $2,785 (0.382 Fibonacci) A sustained breakout above the 100 EMA would strengthen the bullish outlook and increase the probability of a move toward the 200 EMA. Bearish Scenario Immediate support: $1,904 Major support: $1,888 A breakdown below $1,888 could expose lower support levels and weaken the current recovery structure. 🧠 ICT / Smart Money View ETH continues to consolidate after reclaiming its recent demand zone. Price is respecting higher lows, showing buyers are still active, but repeated rejections near the 100 EMA indicate supply remains overhead. A decisive breakout above this resistance is required to confirm a bullish shift in market structure. 📉 RSI Momentum RSI (14): 56.00 RSI is holding above the neutral 50 level, suggesting bullish momentum is gradually improving. A move toward 60–65 would provide stronger confirmation that buyers are gaining control. 📊 Key Levels 🔴 Resistance $1,926 (100 EMA) $2,153 (200 EMA) $2,315 (0.236 Fibonacci) 🟢 Support $1,904 $1,888 📌 Final Outlook ETH is showing signs of recovery after defending its recent support zone, but it remains capped below the 100 EMA, which continues to act as the key resistance. The short-term outlook is neutral to slightly bullish, with buyers maintaining control above the 20 and 50 EMA. A confirmed breakout above $1,926 would strengthen the recovery toward the 200 EMA, while losing $1,888 could trigger another corrective move. $ETH

ETH is approaching a key resistance zone after completing a strong impulsive move. The highlighted support area remains crucial—holding above it keeps the bullish structure intact, while rejection from resistance could trigger a corrective decline. Watch for confirmation before entering any trade. This analysis is for educational purposes only and not financial advice. $ETH