Ethereum price risks $1,700 as support weakens

Ethereum price fell 2% to around $1,847 on Aug. 3 after another rejection near key moving averages left the $1,800 support zone exposed. Summary Ethereum price fell 2.04%, reaching an intraday low of $1,828. ETH remains below its 50-day and 100-day moving averages at $1,889 and $1,927. 4-hour MACD and Chaikin Money Flow readings show weak momentum and continued selling pressure. A break below $1,800 could bring $1,785 and $1,700 into focus. ETH slides after failing to reclaim $1,900 According to data from crypto.news, Ethereum (ETH) price traded at $1,847 at the time of writing, down 2.04% over the previous 24 hours. The token moved between an intraday high of $1,886 and a low of $1,829 on Binance. The decline extended ETH’s retreat from its July 27 high near $1,975. Buyers have now failed several times to sustain a move above the resistance zone between $1,950 and $1,975. ETH briefly rebounded after touching $1,828, but the recovery stalled around $1,850. That left the token near the lower end of its recent trading range and inside the closely watched $1,800–$1,850 support area. The broader daily structure also remains defensive. Ethereum trades below its 50-day simple moving aver...