Ethereum Holds Key Support Range Amid Easing Bullish Momentum

Ethereum's price remains above a key support range of $1,800 to $1,850, according to crypto analyst Ted. The asset currently trades at $1,861.67, with a modest 0.55% gain over the last 24 hours and trading volume reaching $21.41 billion.

However, technical indicators point to an easing of bullish momentum, with the Relative Strength Index (RSI) standing at 51.05 and below its moving average of 56.59.

A significant transaction was reported involving a long-standing Ethereum holder who sold 2,250 ETH on August 3, 2026, after nearly three years of inactivity. The sale resulted in substantial profits for the investor, who originally purchased these tokens over eight years ago at an average price of $489 per ETH.