Ethereum Tumbles Below $1,900, Tests Key Support Zone at $1,873-$1,875
Ethereum's price slipped to $1,883 on July 31, down nearly 2% from the previous day. The token failed to break through the $2,000 psychological barrier, instead weakening momentum and pushing it toward a key technical support zone.
The 4-hour Relative Strength Index dropped to 43.02, indicating short-term momentum has deteriorated. However, some longer-term indicators remain constructive, with Chaikin Money Flow at 0.08 suggesting capital flows are still marginally positive.
Ethereum's price is currently testing an important technical area between $1,873 and $1,875. A daily close below $1,873 would weaken the recovery structure that developed from the late-June low, while a sustained breakdown below this range could reinforce the rejection and raise the risk of a deeper pullback toward $1,800.