Overview
- Ethereum is trading in a tight band around $1,875–$1,885 with buyers defending roughly $1,850 and repeated rejections near the $1,900–$1,950 resistance cluster.
- U.S. spot Ethereum ETFs ended a five‑week inflow run in the week to August 14 with a small $2.26 million net outflow after attracting about $566 million over the prior five weeks.
- On‑chain indicators show selling pressure has fallen to multi‑year lows on a seller‑exhaustion metric and daily new ETH addresses nearly doubled from about 121,210 to 212,560 in early August.
- Derivatives activity has compressed: open interest fell to roughly 13.3 million ETH at a recent low and 24‑hour liquidations reached about $26.9 million, mostly long positions.
- A clean daily close above roughly $1,918–$1,920 would likely open a run toward $2,000 and higher targets, or a sustained break below $1,850 would increase the odds of a slide toward $1,700 and force further liquidations.