# Ethereum Technical Analysis Report – August 4, 2026 ETH holds $1,850 support while preparing to test the $2,000 resistance level. - **Source:** [ZebPay](https://brifing.si/source/f3e01afd-0d28-4fae-ab06-e9a6d7290032) - **Published:** 2026-08-04 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/751ef548-cfbd-4465-ae69-eca007787a4e ## Market Overview Ethereum spent the past week consolidating after being rejected at the psychological $2,000 resistance level. Buyers successfully defended the $1,850-$1,860 support zone for two consecutive weeks, preventing a deeper decline. ETH is currently trading around $1,861 with little daily change. We're in a healthy consolidation phase where price respects the previous breakout zone. ## Technical Analysis Details Since July 28, ETH has been moving sideways between $1,850 and $1,950. This reflects the balance between profit-taking buyers and sellers struggling for control. The most significant technical development is the confirmation of $1,850 as strong support. The chart shows multiple daily candle tests at this level, with buyers consistently defending it. ## Market Dynamics Unlike the sharp rejection near $2,000, the recent pullback has been relatively shallow. The absence of aggressive selling suggests accumulation rather than position liquidation. However, there are signs of weakening short-term bullish momentum: Daily candles are shrinking (lower volatility), declining volume shows market indecision, and price remains below the $1,930-$1,950 resistance. ## Long-Term Structure Ethereum maintains its series of higher lows since the June bottom. The long-term descending trendline that rejected price near $2,000 continues to act as resistance. Repeated defense of $1,850 increases the probability ETH is building a base for another upside attempt. However, a strong daily close above $1,930-$1,950 is needed for confirmation. ## Potential Scenarios As long as $1,850-$1,860 support holds, a retest of $1,930-$1,950 is likely. Breaking this resistance would bring $2,000 into focus. A strong close above $2,000 could accelerate toward $2,150-$2,200. Losing $1,850 support would signal a potential drop to the next demand zone near $1,750. ## Support and Resistance Levels Primary support at $1,850, secondary at $1,750. Main resistance at $2,000 with strong secondary resistance at $2,200. Declining volume reflects market uncertainty. The current consolidation appears to be a pause within the broader recovery rather than evidence of trend reversal. ## Investor Psychology The $2,000 psychological barrier remains a key test for investors. Holding $1,850 support reinforces the medium-term bullish structure. The market is currently caught between strong support and overhead resistance. If buyers maintain above $1,850, a $2,000 test becomes more probable. ## Conclusions and Outlook Ethereum technical analysis shows the critical importance of $1,850 support. Maintaining this level makes a $2,000 test likely. Breaking $2,000 would strengthen the bullish case, while closing below $1,850 would target $1,750. The market currently awaits a clear catalyst for directional momentum. ## Sources covering this story - https://zebpay.com/blog/ethereum-technical-analysis-report-4th-august-2026 — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._