4 hours ago
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Key Takeaways
- ETH has tested $1,870 for six straight sessions.
- Losing $1,850 would expose support near $1,780.
- Funding shows no strong premium on either side.
- Elevated leverage increases liquidation risk after a break.
Ethereum traded near $1,870 on August 5, next to the 0.382 Fibonacci retracement.
Ethereum Still Has Not Closed Above $1,870
Price has moved above the Fibonacci level during individual sessions, but those attempts have not established support above it. A daily close followed by a successful retest would provide stronger evidence that buyers can defend the breakout.
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