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Ethereum

Bearish

Archived analysis from Jul 28, 2026, 1:23 PM

ETH has shed over 60% from its August 2025 all-time high of $4,953 and is now pinned in a narrow $1,830–$1,920 range; until a weekly close above $2,100 is achieved, the path of least resistance remains downward despite record staking inflows.

ETH is trading at $1,889 — down 2.9% on the day and well below the critical $2,080–$2,100 trendline resistance that analysts identify as the threshold for a confirmed bullish breakout.

Main Risk

BTC Broad Market Contagion & USD Strength

BTC is down 2.3% to $63,473 on the same session, with USD/JPY at 163.9 confirming a firmer dollar environment that historically pressures risk assets including ETH.

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