Ethereum's price fell by 5% on July 28 to $1,873 after failing to break through the $2,000 resistance zone.
The rejection triggered forced selling and pushed ETH into a key technical support zone.
Leveraged positions accelerated the decline as ETH moved through several long-liquidation clusters, with the next large concentration of downside liquidity sitting around $1,840, $1,850.
More on Crypto
Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.
Real-time market sentiment intelligence for apps, funds & agents
Location
729 55 Ave SW
Calgary AB T2V 0G4
Canada
© 2026 Guavy Inc
