Ethereum fell below the psychological $1,900 level on August 11, trading near $1,874. The $1,867–$1,900 range is now a key battleground. Holding this range prevents a deeper correction.
If Bitcoin loses $63,500, the next support is $62,000. If Ethereum breaks $1,867, it could cascade to $1,800. These aren't predictions—they're prior levels where buying historically emerged.
Despite opening weakness, both assets bounced intraday. Bitcoin climbed to $64,282 by 8:32 a.m. ET; Ethereum to $1,888. This shows some short-term support, but conviction is low ahead of CPI.
Pre-data trading typically sees lower volume and wider swings. This creates whipsaw risk. A strong CPI beat could reignite buying back to $65,000+ for Bitcoin and $1,950+ for Ethereum.
Hold positions if you're long; don't add on weakness yet. CPI data Wednesday determines direction. Stops should sit just below support levels—$63,400 for Bitcoin, $1,860 for Ethereum.
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