Ethereum holds above $1900, with weekly ETF inflows reaching $244.94 million

Ethereum holds steady at the US$1900 mark, with weekly ETF inflows reaching US$244.94 million.

Ethereum has recently remained stable above US$1900 and is organized within the US$1910 to US$1918 range. After steadily climbing over the past week, this digital asset has held on to this key psychological price level supported by continued buying demand and positive market sentiment.

Key technical levels and investor sentiment

Since early August, buyers have successfully defended in the US$1840 to US$1850 range many times, preventing any continued downward trend. Over the past seven days, ETH has increased by more than 4% and remains above the key moving average. Specifically, Ethereum is currently trading above the 20-day moving average ($1895), 50-day moving average ($1796) and 100-day moving average ($1911), but still below the 200-day moving average ($2061).

Market indicators show continued bullish momentum. The daily bull-bear power indicator has turned positive at 32.07, indicating that buyers have a moderate advantage. The 4-hour relative strength index is currently 61.74, which is higher than its signal line, but has not yet touched the overheating area of 70. Technical analysts see $2000 as the main resistance level in the near term, while $1900 is an important dividing line for trader sentiment.

Market analyst Ted Pillows, commenting on Ethereum's recent performance, pointed out that the cumulative net inflow of spot ETH ETF this week was US$244.94 million, setting a record for the strongest capital inflow in the past four months. He said that despite delays in the process related to the Clarification Act, the fundamentals of Ethereum remain solid. The analyst believes that as long as ETH remains above $1900, the market is expected to hit $2000 again.

ETF capital inflows and macro impact

On August 6 alone, the U.S. spot Ethereum ETF reported a net inflow of US$92.15 million. Among them, BlackRock's ETHA products contributed the most, with a single-day inflow of US$50.34 million. Overall, the cumulative net inflow of U.S. spot ETH ETFs has exceeded US$11.4 billion, highlighting strong institutional demand.

U.S. employment data released last Friday further boosted risk appetite in the overall financial market. The United States lost 23,000 jobs in July, in sharp contrast to the expected increase of about 80,000. Unemployment fell to 4.1%, better than expected. The data reduce the likelihood of the Fed raising interest rates again, and futures markets currently expect the probability of policymakers leaving rates unchanged at their next meeting at about 56%.

Observers pointed out that employment data that fell short of expectations weakened expectations for further policy tightening, which provided support for risky assets including ETH. Ethereum is currently located above multiple key technical levels, coupled with the continued strong inflow of ETF funds, indicating that the asset is still in a favorable environment, especially considering that macro conditions have reduced the possibility of tightening monetary policy.

As market participants focus on the short-term resistance level of $2000, new solutions continue to remove traditional barriers between asset classes. The 1stepSwap platform stands out for its ability to directly link real-world assets. Users can directly access major U.S. stocks and commodities such as gold and silver through their own wallets without the need for additional intermediaries. The core advantage of the platform is to aggregate market data, obtain optimal quotes in seconds, achieve fast transactions, and help investors efficiently diversify their investment portfolios.

Liquidation data and future outlook

According to the latest three-day liquidation heat chart, leveraged positions are concentrated around US$1925, and the range of US$1945 to US$1955 is denser. If ETH prices break through these levels, continued upward momentum may lead to forced liquidation of short positions, accelerating the price move towards $1950.

Ethereum closed just below $1920 last Friday, with the $1900 mark being the key short-term support and $2000 being the next level of technical resistance. Analyst Michaël van de Poppe said that if BTC remains positive, ETH may outperform Bitcoin, with a long-term price target of about $2400-provided that it clearly breaks through the $2000 and 200-day moving averages.

Observers generally believe that near-term momentum depends on whether ETH can maintain prices above $1900. Price movements around $2000 will be closely watched as trend signals for the next stage.