Ethereum climbed 1.95% to reach $1,912, recovering above the key $1,900 level after buyers stepped in near the recent low of $1,870. The rebound signals renewed bullish momentum in the short term.
Technical indicators strengthen as ETH recovers
Following the advance, Ethereum now holds above its 20-day, 50-day, and 100-day simple moving averages of $1,889, $1,845, and $1,869 respectively. This positioning provides a constructive outlook for bullish traders aiming for further gains.
The Relative Strength Index on the daily chart moved up to 56.5, clearing its signal average of 53. Although still below an overbought reading, the current RSI level points to improved demand among market participants.
Despite this recovery, ETH remains below its 200-day moving average at $2,009. The area between $2,000 and $2,010 stands out as the next major resistance zone that traders are watching closely. Technical analysts, including MacroCRG and Fundstrat’s Tom Lee, identified an overhead technical barrier near the daily Ichimoku Cloud, with Lee commenting on the potential for a decisive breakout above this threshold—a level not surpassed since October 2025.
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AAPLWhale activity, supply dynamics, and liquid staking
A major Ethereum holder withdrew 5,300 ETH, worth approximately $9.98 million, from the Kraken exchange. Such large-scale withdrawals can tighten exchange liquidity and reduce immediately available supply for trading.
According to CryptoQuant data, Spot Taker Cumulative Volume Delta turned net positive, reflecting more aggressive buying interest as buyers cross ask prices. This supports the view of growing accumulation among market participants.
Meanwhile, the total staked Ethereum supply reached a new record of 41 million tokens, representing about 33.8% of ETH in circulation. The increased volume of staked ETH further reduces liquid supply, helping to reinforce the supply squeeze thesis among analysts.
Ethereum’s total staked amount reached an unprecedented 41 million, accounting for approximately 33.8% of total circulating tokens. This fundamental decrease in liquid ETH bolsters the supply constraint thesis.
Key resistance, liquidation clusters, and trader sentiment
Analysis of CoinGlass data highlights heavy concentrations of short interest between $1,925 and the $1,950 range. Breaking through these levels may trigger forced liquidations of short positions, potentially driving prices rapidly higher.
On the downside, the $1,870 area remains critical for bulls to defend. Analyst Michaël van de Poppe warned that losing this level could drag ETH toward sub-$1,700 areas, as significant long positions are exposed below this threshold. Van de Poppe also observed an improving technical structure for ETH, featuring a steady series of higher highs and lows on the daily chart. He stated that a sustained move above $2,000 could generate swift upside, possibly with interim resistance at $2,200 before a push toward $2,800.
ETH’s daily chart is looking better day after day, with higher peaks and troughs. A break above $2,000 could fuel rapid gains, with resistance at $2,200 and a longer-term target of $2,800.
Institutional flows remain cautious, as United States spot Ethereum ETFs saw $2.26 million in net outflows for the week of August 10–14. BlackRock’s ETHA ETF recorded withdrawals totaling $16.39 million. This suggests that institutional buyers using listed products have yet to fully commit to the latest price recovery.
The Average Directional Index stands at 18.50, signaling that momentum remains weak for a definitive trend extension.
In an environment where every Federal Reserve announcement or altcoin listing can trigger volatile moves, technical setups like the ones forming in ETH demand constant vigilance from traders. Increasingly, investors seeking an edge have begun using privacy-focused solutions such as CryptoAppsy, which integrates real-time charts, price alerts, curated news, and macroeconomic data into a single, account-free dashboard. This unified approach helps market participants save time and capital by reacting quickly to major events without switching platforms.
