Ethereum's Price Stuck in Neutral Consolidation

Ethereum's price is stuck in a neutral consolidation phase, as it hovers between support and resistance levels. Currently trading at $1,859.94 on August 4, 2026, the asset sits below its 200-day moving average of $2,082.

The Relative Strength Index (RSI) is sitting at 50.2, indicating neutral territory with no overbought or oversold conditions.

Despite some short-term consolidation, the longer-term trend remains bearish, as evidenced by the asset's position below its 200-day moving average and the presence of a strong descending trendline.