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Ethereum struggles below $2,000 amid rising oil prices and Fed rate hike fears despite ETF inflows.

Market News
23 Jul 2026
Crypto news
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Neutral
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Ethereum price remains stuck below $2,000 due to rising oil prices and renewed concerns about Federal Reserve interest rate hikes. Despite this, continued inflows into spot Ethereum ETFs have supported the price above $1,900, with a potential breakout above $1,955 targeting $2,030. External risks include oil supply disruptions, increased probability of a September Fed rate hike, and BitMEX's planned shutdown, which could affect liquidity. Ethereum needs sustained buying volume above $1,955 to confirm a breakout; otherwise, it may remain range-bound near $1,900.

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