On July 23, 2026, Ethereum (ETH) is in a high-range consolidation and buildup phase. The price is supported above $1,900, but faces short-term pressure near $1,960.

Tonight’s market focus is the Fed policy meeting. Ahead of the decision announcement, expected volatility may compress further, so it’s recommended to strictly control position sizing.

Key price levels to watch

· Resistance above: $1,955-$1,965 (a short-term area of heavy trading pressure), $1,975-$2,000 (the psychological level that opens up upside space after a breakout).
· Support below: $1,903 (the line separating short-term strength and weakness), $1,875 (the 4-hour central lifeline, the core defensive level of the long structure).

Strategy for today

· Main line (buy on pullback): If the price pulls back into the $1,903-$1,878 range and shows stabilization signals, consider entering with a small position. Set a stop-loss below $1,870, targeting $1,955 and $1,975.
· Secondary line (short-term short on high pullback): Only when there is clear pressure between $1,950-$1,975, try a small short-term short position. Set a stop-loss at $1,992 and take profit quickly (fast in, fast out).
· Breakout follow-through: If the price holds above $1,976 on increased volume, follow the trend to look for $2,000-$2,060. If it breaks below $1,873 and BTC also weakens, then you need to exit and stand aside.

Key risk warnings

· Macro event: The Fed decision could trigger sharp volatility. Before the announcement, it’s advisable to pause opening new positions; after the decision, wait for 4-hour K-line confirmation of the direction before taking action. #以太坊