Ethereum

ETH is leading the current crypto recovery cycle — mirroring its 2022 bear-market bottoming pattern of outperforming BTC ahead of a broader rebound — with price up ~10% from its early-July lows near $1,744, but the $1,940–$2,000 resistance cluster must be cleared to unlock the next leg higher.

ETH has reclaimed the $1,900 psychological level and is now probing the $1,940 technical resistance, driven by the softer June CPI print easing Fed rate-hike fears and Fundstrat's bullish ETH call citing an "increasingly compelling" tactical backdrop.

Main Risk

US–Iran Military Escalation / Geopolitical Risk-Off

Ongoing US airstrikes on Iranian targets represent a live geopolitical tail risk that could trigger a sudden risk-off deleveraging event, dragging ETH back below the $1,830 key support level.