Ethereum price drops 2.6%, can $1,850 support hold?

Ethereum price fell 2.6% toward $1,870 on Aug. 11 after another rejection below $1,950 triggered long liquidations, while traders reduced risk ahead of the latest U.S. inflation report. Summary Ethereum price fell 2.6% toward $1,870 after buyers failed to sustain a move above $1,900. The daily RSI remains neutral at 51.63, but ETH is below three major moving averages. Liquidation clusters at $1,895 and $1,940 could amplify a recovery, while $1,857 anchors downside liquidity. Analysts identify $1,850 as the bullish invalidation level and $1,950 as the breakout threshold. Ethereum price falls below $1,900 According to data from crypto.news, Ethereum (ETH) price traded near $1,870 during the latest session after sellers rejected another attempt to hold above the $1,900 psychological level. The decline extended from the Aug. 10 high near $1,935 and briefly pushed the token toward an intraday low of approximately $1,867. ETH had recovered to around $1,886 by the time the accompanying charts were captured, reducing part of the daily loss. However, the rebound left the price below the short-term resistance area that has contained every advance since late July. The decline follows several ...