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Ethereum (ETH) Rises to $1,942 After Weak U.S. Jobs Report

COINOTAG·August 8, 2026·1 min read
Ethereum (ETH) Rises to $1,942 After Weak U.S. Jobs Report

Ethereum rose to $1,942 after a weak U.S. jobs report shifted Fed rate expectations. On-chain stablecoin growth and heavy spot volume are framing the next move for ETH, according to the report. The price increase follows softer payrolls data that influenced market sentiment toward risk assets like cryptocurrencies.

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