- ETH remains range-bound as sellers defend $1,900 while buyers protect $1,850.
- Ethereum ETFs recorded five consecutive weeks of inflows despite limited price momentum.
- A break above $1,950 could target $2,050, while losing $1,850 risks $1,700.
Ethereum — ETH, continues to face selling pressure despite strong institutional demand. ETH recently tested $1,920 before falling back toward $1,875. Buyers have defended $1,850 throughout the recent trading range. However, sellers continue blocking moves above $1,900. Meanwhile, spot Ethereum ETFs have posted five straight weeks of inflows. That steady demand raises an important question for traders. Can ETH finally escape the range and start another sustained rally?
Ethereum Faces Resistance Despite Steady ETF Demand
ETH currently trades near $1,875 after another failed breakout attempt. Sellers rejected the price near $1,900 and $1,920. Buyers have repeatedly defended support around $1,850. This battle has kept Ethereum inside a narrow August range. The technical picture also shows limited bullish momentum. ETH trades below the 20-day moving average near $1,881.
The 50-day moving average sits slightly higher at $1,893. Both averages now provide resistance during short-term rebounds. The 14-day RSI sits at 49.72, just below the neutral 50 level. This reading shows that momentum remains fairly balanced. Chaikin Money Flow also sits near zero at -0.01. The indicator shows slightly stronger selling pressure for now. ETF activity offers a more encouraging signal for Ethereum bulls.
US spot Ethereum ETFs attracted $245 million between August 3 and August 7. That result marked five consecutive weeks of positive weekly flows. BlackRock’s ETHA led the group with $203 million in inflows. Fidelity’s FETH followed with $24.2 million during the same period. Grayscale’s ETHE recorded $4.8 million in outflows. Despite those inflows, ETH still struggles below the $1,900 to $1,950 region.
Liquidation Levels Could Trigger the Next Major Move
The latest liquidation heatmap shows significant liquidity on both sides. Upside liquidity appears around $1,925 and $1,940 to $1,950. Downside clusters sit near $1,855 to $1,860 and $1,835 to $1,845. These zones could attract aggressive trading activity during the next major move. Ethereum’s open interest also fell to 13.3 million ETH on Thursday. That marked the lowest level since early May. Open interest later recovered to 13.9 million ETH on Friday.
Funding rates remain positive near 0.0044%. That figure points toward a modest long bias among active traders. However, participation remains lower than during previous periods. For now, Ethereum needs to reclaim $1,900 before bulls gain stronger momentum. A break above $1,950 could open the path toward $2,050 and $2,190. Conversely, losing $1,850 could expose ETH to deeper downside pressure. Until then, ETF demand remains strong while price action stays frustratingly range-bound.
