Ethereum [ETH] traded near $1,876 after recovering steadily from its June lows, but the rally has begun to lose momentum as buyers struggle to push the token above the $1,900 resistance zone.

The broader recovery remains intact. However, softer capital inflows, lighter trading volume, and only modest institutional demand suggest Ethereum may need a stronger catalyst before attempting another breakout.

ETH continues to face resistance near $1,900

Ethereum rebounded from around $1,500 in June before climbing towards $1,950 during July.

Since then, the recovery has stalled.

The $1,900-$1,950 range has repeatedly capped buying attempts, making it the key resistance area for the current uptrend.

A decisive daily close above that zone…