Ethereum Faces Third Test of $1,900 Ahead of Crucial Fed Decision

Ethereum is trading near $1,890 as it faces its third test of $1,900, just hours before the July 2026 Fed decision. If ETH breaks through this level, it could set up a run at $2,000.

The price action in Ethereum's chart has been a series of higher lows, with each dip finding buyers at progressively higher prices. This ladder-like structure suggests that bulls view this week's stall as a pause rather than a top.

The Fed decision will likely have a significant impact on the market, and traders are advised to be cautious. The practical rule on a Fed day is to trade closes, not wicks, as the market tends to sweep both sides of the range before choosing a direction.