# Crypto Market Analysis – July-August 2026 Critical resistance levels identified for Bitcoin and Ethereum. - **Source:** [ZebPay](https://brifing.si/source/f3e01afd-0d28-4fae-ab06-e9a6d7290032) - **Published:** 2026-08-07 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/09aa801b-48e1-4b16-991a-83c8a1bb3572 ## Bitcoin Seeks Balance Bitcoin is moving sideways in the $62,000-$66,000 range, showing consolidation. The daily RSI hovering around 50 indicates cautious buyers. The Stochastic Oscillator approaching 72 near the overbought zone suggests caution for new positions. The next key resistance is identified at $67,800, which could determine the short-term trend. ## Ethereum's Challenging Path After hitting a new high at $1,981, Ethereum faces strong resistance in the $1,980-$2,030 zone. The daily RSI holding above 54 shows persistent buying interest. On-chain metrics improving suggest underlying strength at lower levels. The next major resistance at $2,105 will be crucial for continuation of the uptrend next week. ## Solana's Lackluster Performance Solana remained range-bound throughout the week with modest correction. Despite increased meme coin activity, SOL failed to gain upward momentum. RSI at 43 indicates weakening bullish pressure. A sustained move above $77.35 resistance could signal stronger recovery, with $81.10 as the next target. ## Broad Market Overview Total crypto market cap holds at $2.19 trillion. Bitcoin's 30-day average hashrate dropped 19% as miners shift to AI. Bitcoin ETFs saw $626M inflows amid Coldcard wallet exploit concerns. Tokenized RWAs tripled deposits to $7.4B while overall DeFi contracted 15%. These mixed signals reflect sector rotation. ## Ethereum Liquidation Risks Coinglass data shows $835M in ETH long positions risk liquidation below $1,812. BlackRock plans 1-for-3 reverse split for its Ethereum ETF. $60M inflows into ETH ETFs suggest preparation for next rally. Coldcard hackers moved 64 BTC and 200 ETH to mixers, keeping security concerns alive in the market. ## Altcoin Competition Heats Up JPMorgan warns HYPE may lose ground to SOL and XRP as ETF inflows stall. Hyperliquid's RWA contracts grew to 32% of Q2 trading volume. Major token unlocks coming for ENA, HYPE, PROVE and IP. Key conferences like Wyoming Blockchain Symposium and Bitcoin Asia will take place in August. ## Key Support and Resistance Levels Bitcoin finds support at $58,640 and $61,080, with resistance at $66,100 and $68,400. Ethereum's support levels are $1,735 and $1,815, resistance at $2,030 and $2,120. Solana has support at $66.35 and $69.65, facing resistance at $77.65 and $81.10. Similar technical levels are observed for BNB and HYPE. ## Market Outlook and Implications Cautious optimism prevails in crypto markets. While Bitcoin and Ethereum show medium-term bullish technical signals, global macroeconomic uncertainties warrant vigilance. Selectivity becomes crucial in altcoins, with tokenized RWAs and ETF flows emerging as key dynamics to watch in coming weeks. ## Sources covering this story - https://zebpay.com/blog/weekly-crypto-report-7th-august-2026 — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._