Ethereum Price Holds Steady Despite ETF Outflows and Resistance at $2,012

Ethereum (ETH) is showing resilience in its price dynamics despite recent outflows from U.S. spot ETFs. The asset has experienced a net outflow of $70.62 million on July 25, but total monthly inflows remain positive. This outflow may be softened by the reduced liquid supply from 41 million ETH staked and low exchange balances.

The Ethereum price is currently trading at $1,965.82, up 4.59% on the day. It remains below its longer-term moving averages but above key short- and medium-term levels. The Ichimoku Kijun at $1,922 provides support, while resistance is positioned at $2,012.

The near-term range for ETH/USD is expected to be between $1,939 and $2,012, with a bias towards the upside. A bullish breakout above $2,012 could lead to higher targets, while a breakdown below support at $1,922 would risk a deeper retracement.