etheruim_monday

#Etheruim_Monday Market Direction 💹🔻🔺
$ETH/USD — currently $1,874 (24h range $1,825–$1,877).

Resistance
$1,900 – psychological / near-term supply
$1,944 – 100-day EMA, key breakout trigger
$2,000 – major psychological, capped rally target
$2,217–2,242 – 200-day EMA, major long-term resistance.

Support
$1,806 – 50-day EMA (reclaimed, now first line of defense)
$1,768 – secondary support
$1,718 – 20-day EMA, structural floor
$1,693 – August downside extreme if trend breaks.

Momentum: RSI ~63, bullish but not overbought. Price is above short-term EMAs but capped below the 100-day, so this reads as a recovery inside a larger range, not a confirmed trend change.
Monday catalyst risk: Fed Chair Warsh opened his press conference stating there is no soft inflation target and that any reading above 2% is unacceptable, with three regional Fed presidents dissenting in favor of an immediate hike — that's a hawkish overhang bleeding into risk assets. The bearish case ties August seasonal weakness to repricing rate-hike odds for September, and the next major catalysts are the jobs report (Aug 7) and inflation data (Aug 12–13), so Monday itself is thin on fresh macro data — likely range-bound unless BTC/equities break first.

Bias: Cautiously bullish above $1,806, but $1,900–1,944 is the real battleground — reclaim and hold above $1,944 opens $2,000; rejection there with a break of $1,806 flips this back toward $1,718.