Overview
- Ethereum is trading in a tight band around $1,870–$1,885 as of Sunday, August 16, 2026, after repeated rejections near $1,900–$1,920 and steady defense of roughly $1,850.
- U.S. spot Ethereum ETFs delivered five straight weeks of inflows that peaked at about $245 million in the week of August 3–7 before recording a small $2.26 million net outflow for the week ending August 14.
- On‑chain metrics from Glassnode show seller‑exhaustion readings at multi‑year lows, a sign that supply pressure has waned but not a confirmation of a durable market bottom.
- Market internals are subdued: open interest and derivatives participation fell to multi‑week lows, funding rates show a slight long bias, and nearby liquidation clusters keep both upside and downside risks close.
- If ETH posts a decisive daily close above roughly $1,918–$1,920 it could target $1,960–$2,000 and higher resistance bands near $2,300, while a break below $1,850 would likely push price toward $1,700 and expose lower supports.