Ethereum Price Doldrums

Ethereum price is struggling to keep support at $1,830 intact, while the entire crypto market continues with its longstanding lull. Since the rejection from $2,000 around mid-July, recovery attempts have been minimal, with the least resistance path mainly downward. Support at $1,830 is critical for the resumption of the uptrend, but if declines intensify, the buyer congestion at $1,800 will come in handy. Based on the prevailing technical picture, bears have the upper hand, especially with Ethereum price below all the major moving averages such as the 50-day EMA (red), the 100-day EMA (blue), and the 200-day EMA (purple).

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