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Ethereum holds $1,850 amid ETF inflows despite geopolitical tensions and oil price volatility.

Market News
20 Jul 2026
Crypto news
View Source
Bullish
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Ethereum price remains above $1,850 supported by strong inflows into U.S. spot ETFs, even as renewed U.S.-Iran tensions and fluctuating oil prices create market uncertainty. The token recently tested resistance at $1,938 but failed to break through, with a successful close above this level potentially opening the way to $2,000. While daily momentum indicators are positive and institutional buying continues, short-term trend strength is weak, and geopolitical risks alongside oil market volatility could limit gains. Key support levels to watch are $1,850 and $1,781, with a drop below these potentially exposing deeper declines. ETF inflows and relative strength against Bitcoin provide bullish catalysts, but a clean breakout above $1,938 is needed for further upside.

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