Ethereum Price Reclaims $1,900 as ETF Inflows Rise

Ethereum's price has reclaimed $1,900 after a successful defense of its rising support structure. The token rose nearly 2% on July 29 as US spot ETF inflows and short liquidations helped ETH maintain its position before the Federal Reserve's rate decision.

The recovery followed a rebound from an intraday low near $1,856, with Ethereum first reclaiming the daily Bollinger Band midpoint at $1,874. The token has now consolidated between the Bollinger Band midpoint and upper boundary, with the upper band sitting at $1,973.

Buying pressure has improved, but capital inflows have not yet reached breakout strength. The Chaikin Money Flow reading stands at 0.08, above the neutral line but below its July high.