Ethereum holds above $1,850 but faces a resistance zone between $1,900 and $1,950 that blocks the extension of its recovery. ETH climbed from around $1,500 in June to approximately $1,950 in July before stalling, as buying pressure lacks strength to break through this threshold. Technical indicators remain mildly constructive with CMF at 0.03 and APO at 9.98, but both have weakened compared to their July peaks. US spot Ethereum ETFs attracted roughly $9 million in net inflows on July 31, an insufficient institutional support for a decisive breakout. A successful break above $1,900 would require a decisive daily close above that level, stronger trading volume, and more consistent ETF inflows.
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