ETH futures are pressing a heavily defended support cluster between $1,848.50 and $1,857.50 after pulling back from a weekend high near $1,903.50. InvestingLive's Aug 3 TradeCompass outlook scores the setup -4 out of +10, favoring sellers only if the market forces a confirmed close beneath $1,848.50, while a reclaim of $1,881.50 would mark a bullish repair.
Ethereum futures trade near $1,860.50 after retreating from Sunday's high near $1,903.50, according to investingLive's Aug 3 analysis by Itai Levitan. The setup remains moderately bearish while price holds below $1,881.50. Sellers still need a confirmed close beneath $1,848.50 to open the next leg lower, and that level has not broken yet.
Falling value area keeps sellers in control
On July 30, Ethereum reached $1,946 but closed near $1,921 even though buying activity stayed strongly positive, a sign buyers could not hold the advance. Ethereum then fell through $1,900 and slid toward $1,852. Friday's rebound from roughly $1,849-$1,852 reached $1,881.50, but buyers failed to sustain the move. Sunday's reopening rally topped out at $1,903.50 after briefly clearing the prior value-area high near $1,889 before being rejected.
The point of control – where the most volume traded – has shifted from about $1,872 toward $1,860.50. The current value-area high is developing near $1,878.50, down from $1,889 in the prior session. That migration shows traders increasingly transacting at lower prices rather than briefly dipping into them.
Support has held so far, but barely
Ethereum has not yet established accepted value below $1,852. The area has attracted repeated buying, reinforced by the July 31 structural low near $1,849 and higher-timeframe support around $1,848.50. One heavy selling bar reached $1,852 before recovering to close at $1,858.50, and volume shrank on the bars that followed. That is a sign sellers may be losing momentum, though not yet proof of a reversal.
Bulls need $1,881.50, bears need $1,848.50
Bulls need acceptance above $1,881.50 to validate a repair. Initial partial-profit targets sit at $1,888 and $1,898-$1,900, and a stronger push through $1,933-$1,935 would reopen the path toward the psychologically important $2,000 level. Bears, by contrast, need sustained trade beneath $1,848.50 and a failed reclaim of $1,849-$1,852. If that confirms, downside areas to watch start near $1,844.50-$1,840, with a deeper higher-timeframe test near $1,788-$1,780 if the decline extends. Between those two gateways, price remains compressed and vulnerable to two-sided rotation.
Source: Investinglive
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