Ethereum prices rise,$2000 resistance level is about to break through

Ethereum price returns to US$1900, rekindling hope

On August 17, the Ethereum price reached nearly 2% and reached the US$1900 mark again. Daily momentum continues to improve, coupled with the promotion of nearby short clearing clusters, the US$2000 level has once again become the focus of the market.

Market Overview

Ethereum prices rose 1.95% to US$1912 after buyers held on to the US$1870 region. ETH closed at its 20th, 50th and 100th moving averages. Tom Lee responded positively to an analysis that pointed out that ETH is currently only 3.5% below the daily picture. Michaël van de Poppe believes that if ETH exceeds US$2000, it is expected to look at US$2800.

Ethereum prices return to above US$1900

As of press time, the Ethereum trading price was US$1912, up 1.95% during the day, reaching an intraday low of US$1872 and a high of US$1915. Buyers entered near intraday lows, pushing ETH to break through the psychological barrier of $1900.

This rally continues the consolidation period since ETH rebounded from a low near US$1530 at the end of June. Prices have since formed a series of higher lows, but repeated selling pressure in the $1,930 - 1,960 range prevented larger breakthroughs. ETH's daily closing price stands on several closely watched moving averages. The 20-day simple moving average is at $1889, and the 100-day and 50-day moving averages are at $1869 and $1845 respectively. Holding these moving averages will help maintain short-term technical structure improvements.

The daily relative strength index rose to 56.5, above its signal average of 53. An RSI above 50 indicates increased buying momentum, but the reading is still far below the overbought area. The long-term stress has not disappeared. ETH is still below its continuing downward 200-day moving average ($2009), making the $2000 -2010 region a more critical test than breaking through $1900.

Tom Lee focuses on Ethereum's daily cloud chart

Tom Lee, co-founder of Fundstrat and chairman of BitMine, reprinted an analysis by MacroCRG that shows that ETH is currently about 3.5% lower than the daily Ichio balanced cloud chart. Analysts believe that breaking through this cloud will constitute an effective breakthrough because ETH has not decisively traded above this cloud since October 9, 2025. Lee responded,"It would be great if it could be achieved." The technical review originated from MacroCRG rather than Lee himself, and its comments only expressed support for the breakthrough prospects and did not include price forecasts.

Based on the current price of ETH, a 3.5% increase would bring the token closer to US$1980. The calculation shows that the cloud breakthrough area is slightly below the psychological threshold of $2000, and the 200-day moving average can be seen on the daily chart to be around $2009. Therefore, if the daily line enters this area, it will face triple resistance in a narrow range: Ichimoji balanced clouds, the US$2000 integer mark and the 200-day moving average. ETH needs to hold above the area rather than briefly sounding to establish a stronger daily reversal signal.

Clearing clusters on both sides of ETH are densely distributed

A week-long liquidation heat chart shows that the most concentrated leveraged funds above Ethereum are around $1925. More dense clearing pools appear in the range of approximately $1,945 - 1,950, with additional liquidity extending to $1960. A breakthrough of $1925 may force some short positions to be liquidated, adding buying power to existing demand. If the $1,945 - 1,950 area is further cleared, testing of the area above $1900 may be accelerated.

The heat map also shows that there is a major clearing cluster near US$1910, but as of the close of the chart, ETH has basically exceeded this area. The current residual liquidity above is around US$1925, constituting the target most likely to be touched in the near future. Downside risks are concentrated around $1860, with a wider and denser clearing band between approximately $1,835 and $1,855. If ETH falls below US$1870, the lower clearing pool may pull prices towards this area and trigger long clearing. Liquidation heat maps identify areas where leveraged positions may face forced liquidation, but cannot determine which area prices will hit first.

Analysts point to $1870 as the key support.

Analyst Michaël van de Poppe said that the Ethereum daily chart continues to improve, and assets continue to form higher highs and higher lows. Based on this structure, he believes that the possibility of an upward breakthrough is greater than the immediate loss of support. However, Van de Poppe warned that if ETH fell below $1870, it could fall quickly due to the large amount of long liquidity under the market. He predicts that if this happens, it may drop to $1700 before a rebound.

His bullish scenario calls for a clear breakthrough of $2000. Van de Poppe said that once ETH breaks through, it may not stay near that level for too long or rise rapidly like the trend observed in early 2025. The analyst sees $2200 as a potential temporary resistance level, and is expected to launch a larger upside to $2800. These goals are based on the premise that ETH first breaks through and stands firm at US$2000.

US$2000 remains the decisive barrier for Ethereum

As long as ETH remains above the daily moving average cluster, the short-term market structure will favor bulls. Support is at $1889, followed by $1870 and the $1,845 - 1,860 region shown on daily and liquidation charts. On the upside side, bulls need to first clear leverage resistance around $1925 and $1950. A larger technical decisive battle will take place in the US$1980 -2010 region, where MacroCRG's cloud valuation, US$2000 psychological barrier and 200-day moving average meet.

According to data, during the trading week from August 10 to 14, US-listed spot Ethereum exchange-traded funds recorded a moderate net outflow of US$2.26 million. BlackRock's ETHA products had a weekly outflow of US$16.39 million, indicating that the latest price rebound has not yet been clearly supported by U.S. ETF demand. A daily close of $2010 would improve Ethereum's long-term structure and open the path to the target level mentioned by van de Poppe. Failure to hold $1870 will weaken the current technical pattern and expose an intensive clearing area below $1860.