Ethereum price fell to $1,880 after failing to cross $2,000, as profit-taking, high derivatives leverage and sharp selling in US technology stocks dampened market sentiment.
summary
- Ethereum price fell towards $1,880 after failing to break the key resistance level of $2,000.
- Spot ETH ETFs recorded inflows of $26.3 million despite weak market sentiment.
- Holding $1850 could support a bounce towards $1950 and eventually $2060.
According to data from crypto.news, Ethereum (Ethereum) The price was trading near $1,882 at press time, down about 3% over the past 24 hours after reaching the $1,935-1,950 region earlier in the week. Sellers emerged below the psychological $2,000 barrier and the 100-day EMA, ending a rally that began near $1,560 in late June.
A decline in technology on Wall Street added pressure during Thursday’s session. Magnificent Seven shares fell 4.8% and wiped out about $797 billion in market value, their worst day since the tariff selloff in April 2025. The S&P 500 fell 1.2%, while the Nasdaq 100 lost 1.9%, according to CoinDesk.
Alphabet’s decision to raise its 2026 capital spending forecast to up to $205 billion and… Weaker than expected earnings at Tesla It led to a decline in stocks. High-beta assets have come under pressure as investors question whether returns from spending on artificial intelligence can justify the sector’s higher costs.
Ethereum absorbed a larger loss than Bitcoin, which settled near $65,400, down less than 1%. The difference showed that investors remained more cautious towards altcoins as capital moved away from riskier trades.
ETF inflows and increased leverage have kept Ethereum’s recovery intact
Ethereum ETFs It recorded $26.3 million in net inflows on July 23, extending its positive run to five consecutive sessions. BlackRock’s ETHA received $8.5 million, Fidelity’s FETH attracted $14.9 million, and Grayscale’s mini Ether fund added $2.9 million, according to Farside Investors.
The latest total came after inflows of $38 million, $37.5 million, and $72.7 million during the first three sessions of the week. Although demand for ETFs remained positive, Thursday’s number was down sharply from the previous day and failed to offset the sell-off in the spot market.
Institutional reach in Switzerland also expanded after BancaStato Built-in Sygnum’s digital asset infrastructure. Cantonal Bank customers can now trade Bitcoin, Ethereum, Solana and USD through its existing web and mobile banking platforms, adding another regulated distribution channel for ETH.
Derivatives traders have increased their risk exposure as Ether approaches resistance. Open interest rose by 600,000 ETH over two days to 14.6 million ETH, its highest level since June 7, according to Coinglass data.
Funding rates, which had been positive through most of July, briefly turned negative on Thursday for the first time since June 29. The change occurred as $41.55 million of leveraged positions were liquidated over a 24-hour period, including $34.4 million in long trades. The rise in open interest coupled with negative financing leaves bullish and bearish positions vulnerable to forced closure.
US spot demand has yet to match the rebound in ETFs. Coinbase Premium from CryptoQuant index It remained negative for about three months, meaning that Ethereum continued to trade at a discount on Coinbase compared to offshore exchanges.
Ethereum must defend the $1,850 level to maintain its upward channel
The 4-hour chart places Ethereum at the lower boundary of the ascending parallel channel that has led its recovery since early July. Immediate support lies between $1,850 and $1,880, while the upper boundary of the channel could reach around $2,060 if buyers reclaim $1,950.
According to For cryptocurrency analyst Ali Martinez, the recent reaction has kept the channel structure valid.
“As long as this support at $1,850 holds, I am watching for a move back towards the upper boundary near $2,060.”
Short-term momentum remains weak. The 4-hourly RSI fell to 44.06, below its moving average of 52.62, while the MACD line at negative 1.48 lies below the 5.42 signal line. A negative chart reading of 6.90 shows that sellers are still in control of the spot action.
On the daily chart, ETH is trading near the Ichimoku conversion line at $1,879 and above the upper front cloud border at $1,816. Chaikin’s fund flow remains positive at 0.07, showing that net capital has not completely left the market despite the decline.
CoinGlass’ weekly liquidation heatmap identifies the closest concentration of leveraged positions at around $1,900-$1,910. There is a larger general range near $1955-$1965, where a price advance could trigger short-term liquidations and reopen the way towards $2000.
Bearish liquidity accumulated around $1840-$1850, followed by another concentration near $1820. A 4-hour close below the channel boundary and $1850 price will invalidate the immediate recovery setup, exposing the $1816 area and then $1750-$1730.
Continued weakness in stocks, rising bond yields, or renewed inflationary pressures could deepen this collapse. The bulls instead need to reclaim $1,910 and break the $1,950-$1,965 supply zone before Ethereum can make another credible attempt at $2,000.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
