31.07.202619:35 Forex Analysis & Reviews: Trading Signals for ETH/USD on July 31- August 2, 2026: buy above $1,846 (200 EMA - 3/8 Murray)

Relevance up to 13:00 2026-08-14 UTC--4

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ETH is trading around $1,865, after rebounding from the 200-day exponential moving average (EMA) at around $1,846. The ETH/USD pair is under downward pressure, and if it breaks below the 200-day EMA and consolidates below this level, it could continue to fall in the coming days until it reaches the lower band of the uptrend channel, around $1,795.

On the other hand, if the ETH price rebounds above $1,846, it could reach the 21-period simple moving average (SMA) around $1,900, and ultimately, we expect it to reach the Murray 4/8 level near the psychological threshold of $2,000.

Since the 200-period exponential moving average (EMA) represents strong support for Ethereum, this could be interpreted as a positive buy signal for the coming days, with the expectation that it will reach $1,900 and $1,946.

The Eagle indicator is showing a negative signal, although it may be approaching oversold levels; therefore, we will look to buy in the coming days before the cryptocurrency's price resumes its downtrend.

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