Ethereum (ETH) holds above $1900, ETF inflows hit a four-month high

Key Points

Institutional demand and employment data drives momentum

Liquidation data suggests upward pressure to US$1950

Ethereum prices are consolidating between US$1910 and US$1918, remaining above the key support level of US$1900.

The U.S. spot Ethereum ETF recorded a net inflow of US$92.15 million on August 6. Bringing the weekly total to US$244.94 million, the strongest in four months

The asset is currently trading above the 20th, 50th and 100-day moving averages, but remains below the 200-day moving average of US$2061

Disappointing U.S. jobs data has reduced expectations for a Fed rate hike, Provides support for risky assets such as cryptocurrencies

Market observers view $2000 as the next key resistance level, and $1900 as a watershed in recent sentiment

Ethereum (ETH) price

Ethereum's current price hovers in the $1910 to $1918 range. After a week of gradual rise, the digital asset successfully remained above the psychologically important $1900 mark.

Ethereum has risen more than 4% in the past seven days. Since early August, market participants have repeatedly protected the $1840 to $1850 area, preventing any significant downward movement.

Ethereum has broken three key daily moving averages. Currently, the cryptocurrency is firmly above the 20-day moving average ($1895), 100-day moving average ($1911) and 50-day moving average ($1796). However, the 200-day moving average still poses resistance, at $2061, and Ethereum is still below this long-term indicator.

The daily long-short power indicator has turned positive, recording 32.07, indicating that buyers currently have a slight market advantage.

Market analyst Ted Pillows shared his insights on Twitter, emphasizing that the Ethereum ETF attracted a total of US$244.94 million this week, setting the strongest weekly inflow in nearly four months. He also pointed out that despite the postponement of the Clarity Act litigation process, the fundamentals of Ethereum remain solid. "If Ethereum can stay above that level, we may see a price surge towards $2000," he commented.

"$ETH remains above $1900. The Clarity Act vote was postponed, but Ethereum still looks good. If ETH can hold this level, it may rise to $2000 next."-- Ted (@TedPillows) August 7, 2026

Institutional demand and employment data drives momentum

The U.S. spot Ethereum ETF recorded a net inflow of US$92.15 million on August 6. BlackRock's ETHA products performed well in the previous trading day, attracting $50.34 million. Total cumulative net inflows into U.S. spot Ethereum ETFs now exceed US$11.4 billion.

"$ETHETFs purchased $244.94 million of Ethereum this week. This is the largest weekly inflow of funds in nearly four months."-- Ted (@TedPillows) August 8, 2026

Friday's U.S. jobs data provided additional momentum. The U.S. economy unexpectedly lost 23,000 jobs in July, in sharp contrast to previous forecasts of about 80,000 new jobs. This significant gap weakens the Fed's case for further interest rates, with futures markets currently showing a roughly 56% probability that the September policy meeting will not move forward.

Breaking news: The U.S. economy unexpectedly lost 23,000 jobs in July, well below the expected increase of 85,000. Unemployment fell to 4.1%, below expectations of 4.2%. June employment data also downgraded 37,000 jobs. This is the third-largest monthly unemployment figure since... -- The Kobeissi Letter (@KobeissiLetter) August 7, 2026

The 4-hour Relative Strength Index (RSI) reported 61.74, above the signal line, but still did not touch the overbought threshold of 70. The bullish momentum continues, but it has not yet appeared excessive.

Liquidation data suggests upward pressure to US$1950.

The 3-day clearing heat map shows that there is a concentrated leveraged position around US$1925, with a larger accumulation in the US$1945 to US$1955 range. If bullish momentum continues, these areas could serve as price magnets.

Breaking through the $1925 level may trigger mandatory liquidation of short positions, accelerating the upward trend to $1950.

Market analyst Michaël van de Poppe said that if Bitcoin continues to rise, Ethereum may outperform Bitcoin. His extended target for Ethereum is about $2400, but he stressed that the two resistance of $2000 and the 200-day moving average must be cleared first.

The current direct resistance level that needs to be paid attention to is still $2000. Ethereum closed on Friday at around $1918, with $1900 serving as a key near-term support level that provides the basis for the current bullish narrative.