Ethereum Price Dips Below $1,900 Amid Weakening Momentum

Ethereum's price slipped below $1,900 on Friday, prompting concerns about a deeper breakdown in the market. However, despite the decline, Ethereum remains above its 20-day and 50-day EMAs, suggesting that support is still intact.

The continued inflows into US spot Ethereum ETFs indicate institutional demand remains resilient, with $14.9 million in net inflows recorded on Thursday, extending their winning streak to four consecutive trading sessions.

The ETH/USD 4-hour chart remains bullish despite the price decline over the past 24 hours, with momentum indicators remaining moderately positive. However, a major hurdle lies at the 100-day EMA near $1,937, which has repeatedly capped recent recovery attempts.