Ethereum continues to consolidate around $1,875, encountering persistent selling pressure each time the price attempts to break above the $1,900 barrier. Brief rallies, such as earlier this week when ETH approached $1,920, have consistently faded, returning the asset to its established trading range.
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Buyers have repeatedly defended the $1,850 support level, but the market has been unable to sustain momentum beyond $1,900 or reach further highs near $1,920. For much of the month, Ethereum has remained locked in a tight corridor, with price recoveries stalling against overhead resistance.
Analysis of the daily chart places ETH below its 20-day moving average at $1,881 and its 50-day moving average at $1,893, with these levels now acting as resistance points where recent upswings have stalled. The 14-day Relative Strength Index is currently 49.72, suggesting a neutral market structure with neither side holding a decisive advantage. Additionally, the Chaikin Money Flow indicator sits at -0.01, reflecting a near balance between buyers and sellers, though with a slight tilt towards distribution.
While the focus often remains on crypto-native activity, a broader transformation is underway as Wall Street increasingly adopts Web3 models. Through the use of platforms like 1stepSwap, investors can now hold shares of leading U.S. companies alongside gold and silver directly in their crypto wallets. This shift leverages tokenized Real-World Assets and algorithms designed to secure the best available market prices instantly, thereby reducing reliance on traditional financial intermediaries.
ETF inflows amid stagnant price action
Despite the sideways price movement, institutional demand for Ethereum has continued, particularly via U.S. spot ETH exchange-traded funds. Between August 3 and August 7, these ETFs attracted $245 million in net inflows, marking five straight weeks of positive momentum. Of this, BlackRock’s ETHA accounted for $203 million, while Fidelity’s FETH saw inflows of $24.2 million. In contrast, Grayscale’s ETHE recorded net withdrawals of $4.8 million during the same period.
Spot Ethereum ETFs in the U.S. drew $245 million in net inflows over five consecutive weeks, with BlackRock’s ETHA and Fidelity’s FETH contributing the majority of the latest capital, even as Grayscale’s ETHE continued to see net redemptions.
Despite this robust institutional activity, Ethereum’s price remains pinned below resistance at $1,900 and $1,950, unable to break higher as buyers struggle to shift the short-term sentiment.
Crypto market analyst Daan Crypto Trades pointed to a broader price range between $1,750 and $2,100, noting that these boundaries have governed Ethereum’s trend for the past two years. He stressed that regaining $1,750 would be an early signal of bullish momentum, whereas surmounting $2,100 would likely confirm a breakout.
ETH is currently caught between $1,750 and $2,100, with both levels proving to be major zones of support and resistance over the last two years.
Analyst Ted Pillows highlighted $1,850 as a critical level for ETH. If Ethereum fails to hold above this threshold, he sees the next potential move leading down to $1,700. Should the support hold, Pillows targets $1,955 as the first significant upside objective, then $2,050, followed by $2,190.
Liquidation zones and open interest
CoinGlass’s latest liquidation heatmap indicates the largest pools of upside liquidity cluster around $1,940 to $1,950, with additional groups near $1,925. On the downside, notable concentrations sit at $1,855 to $1,860 and $1,835 to $1,845.
Ethereum open interest briefly dropped to 13.3 million ETH on Thursday, the lowest seen since early May, but recovered to 13.9 million by Friday. Funding rates have held just above zero, implying a mild preference for long positions, even as overall market activity has diminished.
Over the past 24 hours, total liquidations in ETH reached $26.9 million, with roughly $21.1 million stemming from long positions.
