Broader pressure on digital assets followed reports that further consideration of US cryptocurrency market structure legislation had been postponed as the Senate focused on other priorities, including sanctions against Russia, federal nominations and memorial events following the death of Senator Lindsey Graham. As a result, further progress on the legislation may be delayed until after the Senate’s August recess. Some experts also doubt that the measure will be adopted this year, as Republicans and Democrats remain divided over ethics provisions affecting public officials and digital assets. The uncertainty disappointed investors and initially pushed ETH/USD toward the 1,900.00 area.
However, negative momentum was partly limited by the launch of Lido’s Curated Module v2 upgrade. Lido is a liquid staking protocol that allows market participants to receive staking rewards through stETH. The new module supports 0x02 withdrawal credentials introduced by Ethereum’s Pectra upgrade, allowing a validator to maintain an effective balance of up to 2,048 ETH instead of the previous 32 ETH limit. By consolidating its validator infrastructure, Lido estimates that the total number of Ethereum validators could decline from approximately 880,000 to 628,000. This would not directly reduce transaction fees or accelerate execution for ordinary users, but it could reduce pressure on Ethereum’s consensus layer.
During the day, investors are likely to remain cautious ahead of the US Federal Reserve’s interest-rate decision, scheduled for 20:00 GMT+2. Markets continue to favour keeping the federal funds target range unchanged at 3.50–3.75%, although a quarter-point rate increase remains a meaningful possibility. Traders will therefore focus on the accompanying statement and comments from Fed officials. Any indications of additional monetary tightening this year could strengthen the US dollar and place further pressure on risk-sensitive assets.
Support and Resistance Levels
The instrument remains near the key bullish level of 2,000.00, corresponding to Murrey level [8/8] and the middle line of the weekly Bollinger Bands. Consolidation above this level could support a move toward 2,125.00, Murrey level [+2/8], and 2,500.00, Murrey level [4/8] on the weekly chart. However, a breakdown below the lower Bollinger Band at 1,750.00, Murrey level [4/8], may lead to a decline toward 1,500.00, Murrey level [0/8], and 1,375.00, Murrey level [–2/8].
Technical indicators continue to provide a buy signal. The Bollinger Bands and the Stochastic oscillator are turning upward, while the MACD histogram remains stable in positive territory.
Resistance levels: 2,000.00, 2,125.00, 2,500.00.
Support levels: 1,750.00, 1,500.00, 1,375.00.
ETH/USD Trading Scenarios and Price Forecast
Long positions may be opened above 2,000.00 with targets at 2,125.00 and 2,500.00 and a stop-loss at 1,910.00. Estimated implementation period: 5–7 days.
Short positions may be opened below 1,750.00 with targets at 1,500.00 and 1,375.00 and a stop-loss at 1,900.00.
Main Scenario
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 2,005.00 |
| Take Profit | 2,125.00, 2,500.00 |
| Stop Loss | 1,910.00 |
| Key Levels | 1,375.00, 1,500.00, 1,750.00, 2,000.00, 2,125.00, 2,500.00 |
Alternative Scenario
| Recommendation | SELL STOP |
| Entry Point | 1,745.00 |
| Take Profit | 1,500.00, 1,375.00 |
| Stop Loss | 1,900.00 |
| Key Levels | 1,375.00, 1,500.00, 1,750.00, 2,000.00, 2,125.00, 2,500.00 |
