Ethereum has slipped below the $1,900 level after failing to break through the $1,900–$1,950 resistance zone, putting the $1,850 support area back at the center of the short-term market outlook.
According to crypto.news market data, ETH traded near $1,870 during the latest session after falling from an Aug. 10 high of roughly $1,935. The token briefly reached around $1,867 before recovering toward $1,886.
The move leaves Ethereum below the key psychological $1,900 level and extends a period of consolidation between approximately $1,850 and $1,950.
Ethereum fails to break $1,900 resistance
Ethereum had recently recovered from its late-June low near $1,520, forming a series of higher lows along the way. However, the recovery has yet to produce a decisive break above the July high near $1,970.
The latest rejection near $1,935 suggests sellers remain active around the upper end of the current range. Losing $1,900 has consequently shifted attention back toward the $1,850 support zone.
Short-term momentum indicators have also weakened. The 4-hour Bull Bear Power indicator has fallen to -25.44, indicating renewed selling pressure.
Meanwhile, the 4-hour Supertrend has turned bearish, placing dynamic resistance near $1,925. Ethereum would need to reclaim that level before another attempt at $1,950 gains technical confirmation.
Liquidation levels put $1,895 and $1,940 in focus
Ethereum’s leveraged positioning creates several potential liquidity targets on both sides of the current price.
The 3-day CoinGlass liquidation heatmap shows significant liquidity around $1,895. A recovery through this level could trigger short liquidations and help ETH move back above $1,900.
Further upside liquidity is concentrated around $1,940, which also coincides with the broader resistance area that has repeatedly rejected Ethereum.
On the downside, approximately $1,857 represents another significant liquidation zone. A move into that region could trigger additional long liquidations before buyers attempt to defend the broader $1,840–$1,850 area.
This positioning means a decisive move in either direction could accelerate as leveraged traders are forced to close positions.
Technical indicators keep $1,850 as the key floor
Ethereum’s daily technical structure remains mixed.
ETH is currently below its 20-day SMA at approximately $1,892.52 and its 100-day SMA at roughly $1,895.32, creating a resistance cluster around $1,890–$1,900.
The 200-day SMA sits considerably higher near $2,040.56. That level would become relevant if ETH first clears $1,950 and establishes support above $2,000.
Below the current range, the 50-day SMA near $1,810 represents the next major dynamic support. A sustained decline toward that average would suggest that the $1,850 floor has failed.
Momentum is not yet deeply bearish. Ethereum’s daily RSI stands around 51.63, slightly below its signal average of 53.51, indicating relatively balanced momentum rather than oversold conditions.
Analyst Ted Pillows has identified $1,850 as an important level that Ethereum needs to hold to maintain the possibility of another move above $1,900. A successful recovery could bring $2,000 and $2,190 into focus, while a breakdown could expose lower levels around $1,700 and eventually $1,550.
Daan Crypto Trades has similarly argued that ETH needs to break and hold $1,950 before a sustained move toward $2,100 becomes more likely.
The resulting structure is straightforward: $1,850 is the critical downside level, while $1,950 remains the key breakout barrier.
U.S. inflation data could influence the next move
Macroeconomic conditions could provide the catalyst for Ethereum’s next major move.
The upcoming U.S. Consumer Price Index report is scheduled for Aug. 12 at 8:30 a.m. Eastern. A hotter-than-expected inflation reading could reinforce expectations for restrictive Federal Reserve policy, potentially putting additional pressure on risk assets.
Conversely, softer inflation could improve expectations for liquidity conditions and help ETH reclaim $1,900.
Energy prices are another variable because higher oil prices can contribute to headline inflation and influence expectations surrounding future interest-rate policy.
Institutional demand remains supportive
Despite the recent weakness, institutional demand has not disappeared.
U.S. spot Ethereum ETFs recorded approximately $244.9 million in inflows during the week ending Aug. 7. The continued demand suggests institutional investors remain interested in ETH despite its inability to break through the $1,950 resistance zone.
However, ETF inflows have so far failed to generate enough buying pressure for a confirmed technical breakout.
What happens next for Ethereum?
Ethereum is currently trapped between strong support and resistance.
A recovery above $1,900 would put $1,925 and then the $1,940–$1,950 region back in focus. A decisive break and daily close above $1,950 could strengthen the recovery structure and potentially open the way toward $2,000 and $2,100.
Conversely, failure to reclaim $1,900 could expose ETH to $1,857 and the critical $1,850 support. A sustained break below that level would bring the 50-day SMA near $1,810 into play, followed by the broader $1,700 area.
For now, Ethereum remains in a compressed range. The reaction at $1,850 and the market’s ability to reclaim $1,950 will likely provide the clearest signal for the next major trend.
