Ethereum continues to consolidate around $1,875, encountering continued selling pressure every time the price attempts to break through the $1,900 resistance level. Earlier this week, ETH briefly rose to nearly $1,920, but then fell back and returned to its established trading range.
Key Resistance and Technical Signals
Buyers held on to the US$1,850 support level many times, but the market could not maintain momentum to break through US$1,900 and failed to rise further near US$1,920. For most of the month, Ethereum has been in a narrow range, with price recovery stalling in the face of resistance from above.
Daily chart analysis shows that ETH is below the 20-day moving average (US$1,881) and 50-day moving average (US$1,893), which are now resistance levels, where the recent rebound is blocked. The relative strength index (RSI) on the 14th is currently 49.72, indicating that the market structure is neutral and neither long nor short side has a decisive advantage. In addition, Cai Jin's Money Flow Indicator (CMF) is-0.01, reflecting that buyers and sellers are almost balanced, but slightly biased towards distribution.
While the market focus is still generally on crypto-native activity, a broader change is taking place as Wall Street increasingly adopts the Web3 model. By using platforms like 1stepSwap, investors can now hold stocks of leading U.S. companies, as well as gold and silver, directly in their crypto wallets. This shift leverages tokenized real-world assets (RWAs) and algorithms designed to instantly obtain the best market prices, thereby reducing reliance on traditional financial intermediaries.
ETF inflows under price swings
Despite price consolidation, institutional demand for Ethereum continues, especially through U.S. spot ETH exchange-traded funds (ETFs). Between August 3 and August 7, these ETFs attracted a net inflow of $245 million, marking five consecutive weeks of positive inflows. Among them, BlackRock's ETHA contributed $203 million, while Fidelity's FETH received an inflow of $24.2 million. In comparison, Grayscale ETHE recorded a net outflow of $4.8 million over the same period.
The U.S. spot Ethereum ETF has net inflows of US$245 million for five consecutive weeks, with BlackRock's ETHA and Fidelity's FETH contributing most of the latest funds, while Gray Ethe continues to show net redemptions.
Despite strong institutional activity, Ethereum prices were held below resistance levels of $1,900 and $1,950 and were unable to break through the upside because buyers had difficulty changing their short-term sentiment.
Cryptocurrency market analyst Daan Crypto Trades pointed out that Ethereum's price range is between $1,750 and $2,100, emphasizing that these two boundaries have dominated Ethereum's trend over the past two years. He emphasized that regaining $1,750 would be an early signal of bullish momentum, while a breakthrough of $2,100 could confirm a breakthrough.
ETH is currently between US$1,750 and US$2,100, two levels that have proven to be the main areas of support and resistance over the past two years.
Analyst Ted Pillows emphasized the key role of $1,850 in ETH. If Ethereum fails to hold on to this level, he believes the next potential trend will fall to $1,700. If support is maintained, Pillows 'target is $1,955 as the first important upside target, then $2,050, then $2,190.
Clearing Areas and Open Interest Contracts
CoinGlass's latest clearing heat map shows that the largest long liquidity pool is concentrated around US$1,940 to US$1,950, with another part concentrated around US$1,925. On the downside, significant liquidity concentration areas are located between US$1,855 and US$1,860 and US$1,835 and US$1,845.
Ethereum open interest fell to 13.3 million ETH on Thursday, the lowest level since early May, but rose back to 13.9 million ETH on Friday. Funding rates remain at just above zero, indicating a slight preference for long positions, although overall market activity has weakened.
In the past 24 hours, the total clearing amount of ETH reached US$26.9 million, of which approximately US$21.1 million came from long positions.

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