Why is Ethereum Price Stuck Below $2,000?

If you have been following the Ethereum price action for a while, you would know that the 6% monthly uptick could reverse rather quickly. Even though ETH seems to be trading inside a rising channel, an otherwise bullish pattern, a few alarming signs are emerging.

On-chain, capital keeps flowing in while trading activity and big holders step back. That split leaves ETH structurally supported but tactically fragile beneath a stubborn $1,915 ceiling.

Capital Piles in as Trading Dries Up

Money is the key factor here. Ethereum's monthly DEX volume fell about 42% from April to July, according to Dune Analytics, yet TVL, the capital locked in DeFi apps, rose about 7.8% to near $42 billion, with staking at a record 33.98% of supply.

This is not defeat. Trading cooled everywhere, with Solana down about 79% from its peak and BNB Chain now leading volume. This means money is settling into yield rather than chasing trades.

… Continue reading the full article at the original source below.