# Caught Between Two Moving Averages, ETH Waits for a Spark as ETF Money Keeps Flowing In

> ETH is stuck between its 50-day and 100-day EMAs near $1,884, with steady ETF inflows supporting the floor while US-Iran tension and soft momentum keep any rally in check.

**Type:** article · **Category:** Crypto · **Published:** 2026-07-31 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/crypto/do-muvinga-evareja-ke-bicha-phnsa-eth-etf-men-paisa-ane-ke-bavajuda-teji-ko-tarasa-12405 · **Language:** English
**Tags:** Ethereum, ETH price, Ethereum ETF, crypto market, ETH forecast, Bitcoin, Uniswap, finance

Ethereum has spent the past two weeks stuck in a narrow band, and neither buyers nor sellers have been able to force a decisive move. Since the middle of July the second-largest cryptocurrency has been drifting between its 50-day and 100-day exponential moving averages, a pattern that usually reflects hesitation rather than conviction. On Friday ETH was changing hands roughly between $1,850 and $1,930, with bulls defending the lower edge and bears leaning on the upper one.

Live market data shows the coin trading near $1,884, down about 1.73% from its previous close of $1,917. Over the past year it has swung across a wide $1,507 to $3,447 range, which puts the current price much closer to the floor of that band than the ceiling. Trading volume is running a touch below average, another sign that the market is waiting for a fresh trigger rather than committing to a trend.

## Institutional money keeps trickling back
One reason the downside has stayed contained is steady demand from larger investors. US-listed spot Ethereum ETFs pulled in net inflows through Thursday, and figures from SoSoValue put the week's intake at $18.39 million so far. If Friday closes positive as well, it would mark the fourth straight week of inflows into these products. A run like that suggests professional investors are cautiously stepping back in, and that returning appetite gives ETH a cushion even when the broader mood is nervous.

## Geopolitics is capping the upside
The offsetting force is coming from outside the crypto market. Traders are still bracing for the possibility of tighter monetary policy because inflation risks refuse to fade, and rising tension between the United States and Iran is making that worry worse. The conflict has pushed crude oil prices around, with the market fixated on the danger of disruption at two critical shipping chokepoints, the Strait of Hormuz and the Bab el-Mandeb. As long as that backdrop keeps risk appetite subdued, ETH's attempts to rally are likely to run into a ceiling.

## The levels that matter now
On the daily chart Ethereum sits in a neutral posture, wedged between its short and medium-term averages. It is holding above the 50-day EMA at $1,850, which hints that buyers are willing to step in on dips, but it remains trapped under the 100-day EMA at $1,933, and that cap is keeping the wider recovery on hold. Current readings put the 50-day EMA near $1,848 and the shorter 20-day EMA around $1,872, tightening the coil even further.

Momentum indicators tell a mixed story. The RSI is hovering around 55, which points to a mild bullish tilt, and live data has it close to 53, still in neutral territory. The MACD histogram, however, is sitting in negative ground, a reminder that downside risk is lingering despite the recent stabilisation; the latest live reading shows the MACD line at 34.86 against a signal line of 38.65.

If the bulls manage to reclaim control, the first obstacle is the 100-day EMA near $1,933, followed by the psychological $2,000 mark. Beyond that, the 200-day EMA up at $2,159 forms a more strategic barrier. A sustained recovery could eventually carry the price toward the 200-week SMA at $2,481.

On the way down, the first floor is the 50-day EMA around $1,850. Below that the chart offers little comfort until the horizontal support zone near $1,385, and a break there would badly damage the medium-term structure. Some analysts also flag $1,511 as a key support that a deeper correction could test first.

## The rest of the market is pausing too
Ethereum is not alone in its holding pattern. Bitcoin and Ripple are also sitting near important technical levels as the wider crypto market takes a breather following last week's bounce. Bitcoin is edging toward its own 50-day EMA, while ETH keeps grinding between its two big moving averages.

There were pockets of strength among the larger altcoins on Thursday. Uniswap, Cardano and Near Protocol all posted gains as the market recovered slightly. Uniswap stood out, jumping more than 10% and hitting a six-month high after it introduced Launches, a new feature in its web app that pulls together tokens from across various launchpads and uses the decentralised exchange as their trading backbone.

Elsewhere in decentralised finance, Aave is preparing to wind down 75 low-activity reserves spread across its protocol. The clean-up is part of a wider push to trim operational, technical and economic risk across the many places the protocol is deployed.

## A heavy quarter for a big Bitcoin holder
The corporate side of crypto delivered a stark headline as well. Strategy reported an operating loss of $8.33 billion for the second quarter of 2026 in an earnings report released Thursday. Almost all of that pain came from an $8.32 billion unrealised loss on its Bitcoin holdings, booked as the top cryptocurrency's price slid during the period. The company also posted a net loss of $8.22 billion for the quarter, which works out to $24.45 per diluted share.

Put together, the picture for Ethereum is one of balance. Institutional inflows and dip-buying are propping up the floor, while geopolitical stress and cautious momentum indicators are holding down the roof. Until one of those forces wins out, the sideways grind between $1,850 and $1,930 looks set to continue, and the market is waiting for a catalyst to decide the next direction.

## What this means for you
- **For ETH holders:** The coin is likely to keep grinding between $1,850 and $1,930 until a clear catalyst appears, so sharp moves either way are limited for now.
- **For crypto investors:** Steady ETF inflows signal cautious institutional buying, but soft momentum and Middle East tension mean rallies may stall near $1,933 and $2,000.

## Questions & Answers

### 1. What price range is Ethereum trading in right now?
ETH is moving sideways roughly between $1,850 and $1,930, with live data showing it near $1,884.

### 2. How much money have Ethereum ETFs taken in this week?
US-listed spot ETH ETFs recorded $18.39 million in inflows through Thursday, according to SoSoValue data.

### 3. Why is Ethereum struggling to rally?
Rising US-Iran tension is keeping inflation worries and risk aversion high, which caps ETH's upside near the 100-day EMA at $1,933.

### 4. What are the key upside levels to watch?
Resistance sits at the 100-day EMA near $1,933, then $2,000, the 200-day EMA at $2,159 and the 200-week SMA at $2,481.

### 5. Where is the main support if ETH falls?
Immediate support is the 50-day EMA around $1,850, with deeper levels at $1,511 and the horizontal zone near $1,385.

### 6. How did other cryptocurrencies perform?
Uniswap jumped more than 10% to a six-month high after launching a new feature, while Cardano and Near Protocol also gained on Thursday.

### 7. How big was Strategy's loss last quarter?
Strategy reported an $8.33 billion operating loss for Q2 2026, driven mainly by an $8.32 billion unrealised loss on its Bitcoin holdings, and a net loss of $24.45 per diluted share.

---
_TrendKia — Har trend, sabse pehle.. Machine-readable view; canonical HTML at the URL above._