Ethereum Holds $1,850 While Bulls Eye $1,900 Resistance

Ethereum is currently holding steady above the $1,850 price mark. Even so, the leading altcoin is still struggling to push past the $1,900 resistance zone. Market watchers notice that capital inflows are slowing down quite a bit, and price momentum is starting to cool off after the recent bounce.

This slowdown is putting the current market recovery to a tough test. While buyers are still defending important support levels, they need a fresh wave of buying volume to break through the overhead ceiling. Without strong new cash coming into the market, ETH might trade sideways for a while longer.

Traders should keep a close eye on the $1,850 support line in the coming sessions. If that level holds firm, bulls will likely try another run at $1,900. A drop below support, however, could invite deeper short term selling pressure across the board.