Ethereum price nears $1,950 ahead of US interest‑rate decision

Ethereum (ETH) is trading around $1,914, up about 1.7% in the last 24 hours and hovering just below the $1,950 resistance level. Analysts note that a breakout above this barrier could be spurred by a friendly tone from the upcoming U.S. Federal Reserve policy meeting on July 29, while a tougher stance may push the price back toward the $1,800 support zone.

Recent inflows into U.S. spot Ethereum ETFs have helped reverse an eight‑week outflow streak, with $105 million added between July 13‑17 and further capital from BlackRock the following week. The cryptocurrency’s market capitalisation is roughly $230 billion. The Fed is expected to hold rates steady at 3.5%‑3.75%, a decision that many investors view as a key catalyst for ETH’s next move.

In a relative‑strength comparison, Ethereum has outperformed Bitcoin over the past month, gaining about 20% versus Bitcoin’s 9% rise, and remains above the $1,900 mark after breaking a key down‑trend line.