Why is Ethereum Price Stuck Below $2,000?

If you have been following the Ethereum price action for a while, you would know that the 6% monthly uptick could reverse rather quickly. Even though ETH seems to be trading inside a rising channel, an otherwise bullish pattern, a few alarming signs are emerging.

On-chain, capital keeps flowing in while trading activity and big holders step back. That split leaves ETH structurally supported but tactically fragile beneath a stubborn $1,915 ceiling. Ethereum Price Failed to Breach $2,000 Seven Times in a Month.

Source: CoinGecko Capital Piles in as Trading Dries Up Money is the key factor here.

Ethereum’s monthly DEX volume fell about 42% from April to July, according to Dune Analytics, yet TVL, the capital locked in DeFi apps, rose about 7.8% to near $42 billion, with staking at a record 33.98% of supply. Trading Down, Capital Up: BeInCrypto This is not defeat.