ETH has been a frustrating sideways grind these past few days.
It’s been hovering around 1870–1880. After dropping from around 1950 near the end of July, it has kept stuck in a tight range of 1850–1880. Several attempts to push up to 1900 didn’t work, and over the week it’s down about 2–3% overall.
The 1820–1850 area is still holding support, while 1900 resistance is hard. There’s ETF inflow, but it can’t push the price higher—retail sells and large players pick up, so overall everyone is just waiting for direction.
If you’re holding, check your position sizing—don’t panic. Only after there’s an effective breakout above 1900 should you look to go long.
It’s been hovering around 1870–1880. After dropping from around 1950 near the end of July, it has kept stuck in a tight range of 1850–1880. Several attempts to push up to 1900 didn’t work, and over the week it’s down about 2–3% overall.
The 1820–1850 area is still holding support, while 1900 resistance is hard. There’s ETF inflow, but it can’t push the price higher—retail sells and large players pick up, so overall everyone is just waiting for direction.
If you’re holding, check your position sizing—don’t panic. Only after there’s an effective breakout above 1900 should you look to go long.