Crypto
Ethereum Price Stuck Near $1,800 Amid Bearish Momentum
Ethereum's price has been hovering near $1,800 amidst bearish momentum and market consolidation. The cryptocurrency's price range has tightened, with a 15% drop in 24-hour trading volume.
Despite rebounding from a long-term trendline, technical indicators suggest that Ethereum is still in a downtrend. Key price levels to watch include $1,880 as resistance and $1,840 as support.
The market is cautious, with traders waiting for clearer signals before committing to bullish or bearish positions. The next move will likely confirm whether July's gains will hold or give way to seasonal slowdown.