Overview
- ETH failed to hold $1,950, slid through $1,900 and $1,880, and posted a low near $1,845 before stabilizing below $1,900.
- Immediate resistance sits near $1,880, with key hurdles at $1,920 and $1,950 that gate a potential retest of $2,000–$2,050 and possibly $2,120.
- Initial support is near $1,850 with follow‑through levels around $1,825, while a breakdown could expose the $1,780 area highlighted by recent triangle analyses.
- Short‑term indicators remain bearish with price below the 100‑hour SMA, a negative MACD, and an RSI under 50.
- On‑chain trends show rising staking near one‑quarter of supply and ongoing exchange outflows that constrain liquidity, while macro conditions and ETF flows continue to steer directional risk.