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Ethereum price drops 2% to $1,847, risking a break below $1,800 support level.

Market News
03 Aug 2026
Crypto news
View Source
Bearish
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Ethereum's price fell by 2.04% to around $1,847 after failing to reclaim key resistance levels near its 50-day and 100-day moving averages. The token remains under selling pressure with weak momentum indicators and faces a critical support zone between $1,800 and $1,850. A break below $1,800 could lead to further declines toward $1,785 and $1,700, while a recovery above $1,927 would improve the outlook. Broader factors like weaker institutional demand and US monetary policy uncertainties add to the cautious sentiment.

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