Ethereum

ETH is down roughly 63% from its August 2025 all-time high near $5,000, and is now pinned at the $1,830 key support level with bearish technicals, ETF outflows, and August seasonality all pointing toward further downside risk before any sustainable recovery.

ETH is trading at $1,835.30 — pressing against the critical $1,830 floor support with the 50-day MA sloping lower and ETF inflows having reversed, leaving bulls without a meaningful catalyst to reclaim the $1,950 resistance.

Main Risk

Glamsterdam Hard Fork Delay or Disappointment

The Glamsterdam upgrade expected in Q3 2026 is a key bullish catalyst for ETH; any delay announcement or underwhelming spec reveal could remove the primary near-term fundamental support from under the price.