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Ethereum struggles to break $2,000 resistance amid mixed demand and possible short-term pullback.

Market News
05 Aug 2026
AMBCrypto
View Source
Neutral
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Ethereum is trading just below the $2,000 resistance level, which it has struggled to surpass in recent weeks despite strong inflows into U.S. spot ETFs. Developers proposed EIP-8361 to reduce issuance as staking grows, potentially limiting supply. However, on-chain data shows mixed signals: exchange reserves are falling, indicating accumulation, but the Coinbase Premium is negative, reflecting weak demand from U.S. investors. Analysts warn of a possible short-term pullback to around $1,500 if support at $1,847 fails. The $2,000 level remains a strong resistance that has yet to turn into support, leaving Ethereum's near-term price direction uncertain.

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