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Bitcoin Fails to Break $67K for Second Time Last Week, Ethereum Gains 4.6%

Market Analysis Price Volatility

2026-07-28 08:03:33

BTC-2.59%

ETH-4.16%

According to Foresight News, Bitcoin surged to $66,968 last week but retreated after two failed attempts to break $67,000, posting a weekly gain of 0.9%. Ethereum showed relative strength, climbing 4.6% for the week and breaking above the W-bottom neckline at $1,800 with confirmation.

The FOMC interest rate decision scheduled for July 29 is a key event this week, with markets pricing in a 63.7% probability of no change. Powell's guidance on a potential September rate hike, currently priced at 80% probability, will be the critical variable. Key support levels: BTC at $63,000 and ETH at $1,800.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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