Ethereum rose to US$1907, bulls aim for a US$2000 breakthrough, and smart funds continue to accumula

Ethereum rebounded above $1900, driven by large increases in holdings and a recovery in technical indicators.

Under the combined effect of increased buying by large holders and bullish divergence signals on the technical chart, Ethereum regained its position at the $1900 mark. According to data from Brave New Coin, the current price of Ethereum is approximately $1907, a 1.32% increase in the past 24 hours.

Bullish deviations and key price levels

Recent market trends show that Ethereum is gaining support at a low level, and the Relative Strength Index (RSI) has formed a higher low point, constituting a bullish divergence. Chart analyst Chiefra pointed out that $1894 is a key area for long confirmation. Since regaining this level, bull momentum seems to have strengthened, creating conditions for Ethereum to move further in the near-term trading range.

The main resistance level remains between $1920 and $1955, an area that has triggered multiple sell-offs in the past month. Maintaining above $1894 is seen as the key to short-term bullish sentiment, and if this level is lost, prices may fall back into the $1860 region.

Chiefra views $1894 as a key support area and points out that Ethereum's resilience above that level has improved the bullish outlook. Recovering this level provides bulls with the opportunity to challenge higher price targets.

Smart money trends and fundraising behavior

Investors 'attention turned to high-position addresses after well-known cryptocurrency entrepreneur and BitMEX co-founder Arthur Hayes reportedly purchased $6.39 million worth of Ethereum. Since July 15, Hayes 'cumulative position has increased to approximately 7213 ETH, with an average entry price of US$1923. Despite this, the position currently faces an unrealized loss of approximately $301,000 due to fluctuations in market prices.

Continued breakthroughs above US$1923 may bring the position back to break-even and are expected to boost overall market sentiment.

Small Dictionary: Arthur Hayes is a well-known figure in the cryptocurrency industry, co-founder and former CEO of BitMEX, a derivatives trading platform known for its leveraged trading capabilities and popular among advanced traders.

Testing uplink channels and breakthrough areas

Looking at a higher time frame, Ethereum is rebounding towards the upper track of a wide downward channel that has dominated price movements since previous highs. Analyst Gordon emphasized that $2000 is a level that could confirm a major structural change in market direction. A breakthrough of $2000 would mark a transition from a short-term recovery to an early stage of a trend reversal.

In order to achieve this goal, Ethereum first needs to decisively break through the US$1,950 - 2,000 range with its daily closing price. If stuck at these levels continues to be blocked, cryptocurrency prices will continue to stay in the channel, postponing the confirmation of broader new uptrends. Once the breakthrough is successful, the market's attention may turn to subsequent targets: $2150,$2300 and $2500.

Main resistance/key support/upside target

$1,920 -2000/$1894,$1861 (CME gap)/$2150,$2,300 - 2,500

Gordon emphasized the importance of the $2000 region, pointing out that a decisive breakthrough in this level could transform Ethereum's trend into broader upward movement, It marks the end of the long-term downward channel.

Short-term risks from CME gap

Despite recent improvements, Ethereum still faces short-term risks associated with an unfilled gap near approximately US$1861 on the Chicago Mercantile Exchange (CME) chart. Analyst CryptoJack pointed out that although these gaps are not necessarily covered immediately, they are often seen by traders as potential pullback areas in volatile markets.

This gap coincides with the previous support area. If a weaker market pulls down Ethereum prices, the $1860 area will be seen as an important test. A quick rebound after testing this support level will not necessarily destroy the positive structure, but continued trading below $1860 may expose the currency to deeper support levels between $1,800 and $1,745.

Dictionary: CME gap refers to the price difference that appears on the Ethereum futures chart traded on the Chicago Mercantile Exchange. It usually occurs when the market opens above or below the previous closing price. Many technology traders will focus on these gaps and see them as possible retracement targets.

Outlook: US$2000 is the next decisive test

Ethereum's near-term prospects depend on whether it can break through the US$1,950 - 2,000 resistance zone. Once this range is exceeded, momentum may accelerate towards US$2150 or even higher, with a subsequent target of US$2,300 - 2,500. For bulls, maintaining support at $1894 is crucial, while a break below $1861 will exacerbate bearish risks.

Technical signals, large-scale fundraising behavior and improvements in price structure have all contributed to cautious optimism. However, the key to confirming a stronger trend reversal is to break through US$2000. If repeatedly blocked, Ethereum may still be trapped in the current downward channel.