Ethereum Stalls at $1,875 as Institutional Interest Surges

Ethereum has stalled at around $1,875 after repeatedly failing to break above the $1,900 resistance level. Despite this price stagnation, US spot Ethereum ETFs have attracted significant interest from institutional investors, with a total of $245 million flowing in over five consecutive weeks.

Analysts highlight $1,850 as a crucial support level for Ethereum, warning that if it is breached, the price could drop to $1,700. On the other hand, upside targets include $1,955 and beyond.

The recent low in open interest since May has shown some signs of rebounding, but liquidation zones are clustered near current resistance levels, indicating potential volatility ahead.