Embedding images and videos from your Public Dropbox account is simple. Just use the "Insert Media Embed' icon from the editor and use the 'Direct Link' provided by Dropbox.
The embed with preview option was recently introduced and requires using the source code widget to paste your html.
https://dropbox.tech/developers/new-file-and-folder-embedder-launched-in-preview
Video Example:
Audio Example:
PDF Example:
Image Example:
Dropbox Hosted Video, Audio, PDF & Image