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Ethereum price forecast: ETH is more likely to hit US$1.8K or US$2K in the near future?

2026-08-19 12:40:06
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Ethereum price analysis: Which is closer to the recent trend of ETH, US$1.8K or US$2K?

Overall Market Overview

Ethereum is currently consolidating around $1900 after a strong rebound from June and July lows. The overall structure has improved significantly, but ETH is still below several important resistance levels and the market is currently facing key decisions.

Daily chart analysis

Daily chart shows that ETH is trading at approximately US$1900 and is currently between the US$1800 support area and the US$2100 resistance area. The latter is particularly critical because once this area is touched, it means that the market has exceeded the 100-day and 200-day moving averages and is expected to build a new upward trend.

ETH rebounded from the $1550 region, forming a higher low and returning to the white trend line-the upper track of the long-term downtrend channel that has limited ETH for months. However, it cannot yet be fully determined as a bullish trend because the 200-day moving average is still well above the current price and continues to tilt downward around $2000.

At the same time, prices have just broken the 100-day moving average (just below $1850), which is flattening out, indicating that momentum has stabilized and prices are looking for support to hit the $2000 area. Therefore, continuing to exceed $2000 will be an important structural improvement, while recovering the $2100 area may open up space for a breach of the $2400 resistance area.

On the downside side, the US$1800 area is the top priority support level. If the daily line closes below this area, it will weaken the rebound structure and may expose the next support area-about $1550.

ETH/USDT 4-hour chart

The 4-hour chart provides a more constructive short-term trend. ETH has been consolidating in the wide range, repeatedly gaining support from the $1800 area, and repeatedly trying to approach the $1960 resistance area.

Prices are also currently moving in the rising channel marked by the yellow trend line. The upper track overlaps with the US$2000 resistance zone and becomes the primary target that bulls need to overcome.

After the latest upward attempt, the momentum cooled. After operating above the 60 zone, the RSI has fallen back to near the median, indicating that short-term momentum is currently neutral and is neither strong bullish nor significantly bearish.

If it effectively breaks through US$2000, it can confirm that the rebound continues and draw attention to the daily resistance zone of US$2100. Conversely, losing $1800 will negate the current range structure and increase the possibility of a deep correction to $1720 or even falling below the uptrend line.

Market sentiment analysis

The Ethereum Taker bid-to-sell ratio chart shows that the ratio's 30-cycle moving average has rebounded significantly from its low, but is still slightly below the neutral level of 1. A value below 1 usually indicates that the seller's market order is still more than the buyer's market order.

However, the improvement of this indicator is still worthy of attention. This shows that the aggressive selling pressure has eased compared with the previous period, which is basically consistent with the process of ETH recovering to $1900. However, this ratio has not yet clearly exceeded 1, which means that the bulls have not yet established a clear advantage.

This makes on-chain/futures signals appear cautiously optimistic rather than clearly bullish. If the Taker bid-to-sell ratio continues to exceed 1 and the price breaks through the US$2000 resistance zone, it will more strongly confirm the return of demand. Prior to this, ETH's price trend remained a consolidation under key resistance levels rather than a confirmed breakthrough.

Disclaimer:

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