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Ethereum trades at $1,886 on July 31 2026, down $30 (‑1.6%) from yesterday and $1,812 lower than a year ago; see why co‑founder sales and a bearish ETH
Ethereum opened at $1,886.41 per ETH at 7 a.m. ET on July 31 2026, a $30.62 decline (‑1.6%) from the prior day and roughly $1,812 below its level a year earlier [1]. The drop comes amid heightened market pressure from Vitalik Buterin’s recent multi‑million‑dollar ETH sell‑off and a bearish year‑end ETH price model used by TD Cowen in its coverage of tokenization firms [2].
| At a glance | |
|---|---|
| Price | $1,886.41 |
| 24‑h change | –1.6% |
| Year‑over‑year change | –$1,812 |
| Catalyst | Co‑founder sell‑off & TD Cowen’s ETH forecast cut |
Buterin’s large‑scale ETH liquidation in early 2026 has been cited as a key driver of the recent price weakness, adding to broader recession concerns that have already weighed on crypto assets [1]. The sell‑off reduces circulating supply on the market, but the net effect has been a downward price pressure as investors react to the perceived lack of confidence from a core developer.
TD Cowen’s updated ETH price model slashed its year‑end 2026 forecast from $3,650 to $2,371, a 35% reduction that directly lowered price targets for tokenization‑related equities [2]. While the firm kept a Buy rating on SharpLink Gaming, the revised ETH outlook signals a broader expectation of weaker demand for ETH‑based assets, reinforcing the price decline observed on July 31.
With a market capitalization of about $233 billion, Ethereum remains the second‑largest cryptocurrency, trailing Bitcoin’s $1.33 trillion but ahead of Tether’s $183 billion [1]. The asset’s price sits well below its August 2025 peak of nearly $5,000, illustrating the volatility that has characterized its recent history, including swings of more than 80% on either side [1].
The price dip underscores how both insider actions and analyst expectations can quickly reshape market dynamics for Ethereum, leaving its near‑term trajectory dependent on further supply moves and sentiment shifts.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Aug 1, 2026 · How we report
Approximately 34% of Ethereum’s circulating supply, or about 41 million ETH, is locked in staking.
Morgan Stanley launched the Morgan Stanley Ethereum Trust (MSSE), an exchange‑traded product that tracks ether and stakes a portion of its holdings.
Ethereum would need to trade around $3,835, a level it last exceeded in September 2025.
The upgrade aims to raise the block gas limit from about 60 million to 200 million, reducing gas fees by roughly 78% and increasing throughput toward 10,000 transactions per second.
No, the upgrade’s mainnet date remains unset, with estimates now ranging from the third quarter to the fourth quarter of the year.