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Is Ethereum's key breakthrough imminent? The market focuses on this level

2026-08-02 00:33:36
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Ethereum prices are close to the key resistance area, investors focus on US$1930

Ethereum prices continue to trade below the key resistance area, investors turn their eyes to the US$1930 level. ETH, which showed signs of recovery after June lows, is at a technically important threshold. Analysts believe that if the $1930 resistance continues to be breached, the $2000 target may regain momentum.

Ethereum is trapped in a critical resistance zone

Ethereum was trading at US$1860 at the time of writing. Prices have fluctuated within a narrow range in recent days and need to break through key technical levels to continue to rise. On the daily chart, the 20-day index moving average is at approximately US$1871, while the 50-day index moving average forms strong support at US$1849. Recently, buyers have held on to the area and avoided a larger correction.

Technically, the most important resistance level is around $1930. The area is also the intersection of the 100-day exponential moving average and horizontal resistance levels tested many times in the past. Analysts believe that daily closing prices above this level may strengthen Ethereum's short-term upward trend. In this case, the psychologically important level of $2000 may re-enter investors 'horizons.

Cryptocurrency analyst Ted Pillows said that as long as Ethereum holds the support of $1850, there is a greater probability of a new round of rise towards $2000. Conversely, if the $1849 support falls, selling pressure may increase and prices may retreat back to the $1647 region.

Futures and on-chain data remain strong

According to CoinGlass data, the open interest in Ethereum futures continues to remain above US$26 billion. This suggests that investors have largely retained leveraged positions and market interest continues. On the other hand, DeFiLlama data shows that the total lock-in value (TVL) on the Ethereum network has stabilized at approximately US$40 billion. The number of active addresses and daily transaction volume have not deteriorated significantly, which also supports the view that the underlying dynamics of the network remain strong.

Ethereum's current technical structure shows that the maintenance of US$1850 support keeps rising expectations alive. However, for prices to enter a strong upward trend, it requires a resistance of US$1930 to be broken through with volume cooperation. Ethereum is expected to continue to fluctuate within a narrow range until this level, and investors are paying close attention to technical indicators and on-chain data.

Assess

Ethereum maintains a balance below key technology levels. Continued stabilization above the $1850 support is a positive sign for buyers, and once the $1930 resistance is exceeded, the $2000 target may return to focus. On the other hand, if support falls, short-term selling pressure may increase, so it is crucial for investors to pay close attention to technical breakthroughs and trading volumes.

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