Ethereum price rejects $2,000 as tech rout tests $1,850 support

Ethereum price has retreated to $1,880 after failing to clear $2,000, as profit-taking, rising derivatives leverage and a sharp U.S. technology-stock sell-off weakened market sentiment. Summary Ethereum price fell toward $1,880 after failing to break the key $2,000 resistance. Spot ETH ETFs logged $26.3 million in inflows despite weaker market sentiment. Holding $1,850 could support a rebound toward $1,950 and eventually $2,060. According to data from crypto.news, Ethereum (ETH) price traded near $1,882 at press time, down about 3% over the previous 24 hours after reaching the $1,935–$1,950 region earlier in the week. Sellers emerged below the psychological $2,000 barrier and the 100-day exponential moving average, ending a rally that began near $1,560 in late June. Wall Street’s technology rout added pressure during Thursday’s session. The Magnificent Seven stocks fell 4.8% and erased about $797 billion in market value, their worst day since the tariff-driven sell-off in April 2025. The S&P 500 dropped 1.2%, while the Nasdaq 100 lost 1.9%, according to CoinDesk. Alphabet’s decision to raise its 2026 capital-spending forecast to as much as $205 billion and weaker-than-expected ...