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Despite the inflow of US$245 million in ETF funds, Ethereum (ETH) prices are still range-can support

2026-08-16 00:37:15
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Quick view of core points

Market prices are stagnant and institutional demand continues

Ethereum continues to hover around US$1875 and has been rejected many times at the US$1900 resistance level. On the 14th, the Relative Strength Index (RSI) reported 49.72, indicating that kinetic energy is neutral and directional power is weak. Open interest fell to its lowest point since early May before recovering slightly. The U.S. spot Ethereum ETF achieved net inflows for five consecutive weeks, totaling US$245 million. The key support level is established at $1850; a loss of this level could trigger a fall to $1700.

Key clearing areas are close at hand

Ethereum prices continue to be under pressure

Ethereum is currently trading around US$1875. Previously, whenever it tried to exceed US$1900, it was repeatedly suppressed by sellers. Earlier this week, ETH briefly rose to $1920 before falling back into the established trading range.

Buyers managed to hold on to the $1850 threshold, but each rebound attempt encountered strong selling pressure around $1900 and $1920. Throughout August, price movements were basically limited to a narrow range.

From the daily chart, ETH is below the 20-day moving average (US$1881) and the 50-day moving average (US$1893). These technical indicators now constitute upward resistance, and this is where recent attempts to rebound have been blocked.

The relative strength index (RSI) on the 14th was 49.72, slightly below the neutral dividing line of 50. The Chaikin Money Flow indicator shows a value of-0.01, indicating that buying and selling power tends to balance, but is slightly biased towards distribution.

Institutional demand continues, but prices stagnate

During the week from August 3 to August 7, the U.S. spot Ethereum ETF recorded a net capital inflow of US$245 million, extending the number of consecutive weeks of positive inflows to five weeks. BlackRock's ETHA led the way with a contribution of $203 million, while Fidelity's FETH brought in $24.2 million. At the same time, Grayscale ETHE saw a $4.8 million divestment during the same time period.

Despite the continued unabated appetite of institutions, ETH has not yet been able to break the resistance barrier of US$1900 to US$1950.

Market analyst Daan Crypto Trades pointed out that ETH is still trapped in the US$1750 to US$2100 channel-two boundaries that have been important support and resistance levels over the past two years. He emphasized that $2100 was a key level that needed attention, and regarded the recovery of $1750 as an initial sign of bullish momentum, while $2100 was the final confirmation signal.

Digital assets analyst Ted Pillows believes that $1850 is the "key support level" for ETH to maintain its current positioning. He expects an initial upside target of $1955, followed by targets of $2050 and $2190. He warned that if $1850 was lost, it could open a channel to $1700.

Key clearing areas are close at hand

CoinGlass's week-long clearing heat map shows that the most dense upper liquidity pool is concentrated around $1940 to $1950, with another group concentrated around $1925. Below current levels, liquidity is concentrated in the $1855 to $1860 and $1835 to $1845 areas.

Ethereum's open interest fell to 13.3 million ETH on Thursday, the lowest level since early May, before recovering to 13.9 million ETH on Friday. Funding rates remain in a positive region of approximately 0.0044%, indicating that long preference remains moderate despite a decline in overall market participation.

In the past 24 hours, ETH has liquidated a total of US$26.9 million, of which long positions accounted for US$21.1 million.

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