Ethereum Stabilizes at $1,880 as Crypto Market Recovery Lifts Altcoins

Ethereum's price has recovered some of its losses after experiencing a broad recovery across the crypto market, according to Analytics Insight.

The Ethereum price gained 1.57% in 24 hours to reach $1,880.58, beating Bitcoin's 1.01% rise and pushing the altcoin season index up by 5.45% to 58.

This move came as traders shifted more capital towards altcoins, but weaker trading volume and fresh outflows from US spot Ethereum ETFs kept the near-term outlook cautious.

Ethereum now faces resistance near $1,920-$1,925, while support sits between $1,850-$1,854. Market analyst Viktoras Karapetjanc said that if Ethereum can hold above immediate supports while inflows remain steady, he's optimistic for renewed upside momentum.

The latest daily outflow from US spot Ethereum ETFs may reduce short-term buying support, but the wider flow trend looks stronger than the single-session figure. Inflows reached $337.74 million in July, showing that monthly demand stayed positive.