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Key Takeaways
- Ethereum was rejected inside the $1,915–$1,950 resistance area on July 30 and July 31.
- ETH reached $1,935 on July 31 before reversing just below the 100-day SMA at $1,940.
- Price has returned to the 0.382 Fibonacci retracement near $1,870, which has held for five sessions.
- Ethereum ETFs recorded a $13.29 million inflow on July 30 after an $18.65 million outflow on July 29.
Our previous Ethereum analysis identified the $1,915–$1,950 zone as the rebound’s main obstacle, and ETH has now been rejected there twice – first on July 30 and again on July 31.
The latest reversal has shifted attention back to the 0.382 Fibonacci retracement near $1,870.
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