Ethereum's $1,900 support has held through four consecutive days of moderate selling pressure. Institutional buyers are defending this level, suggesting conviction among large holders.
The immediate resistance sits at $1,927, where ETH faced selling pressure on August 10. Breaking this level would open a path to $1,960 and ultimately the psychological $2,000 mark.
Bitcoin holding above $65K provides tailwind support for Ethereum. CPI data on August 12 could provide the catalyst for ETH to test $2,000 if inflation data comes in cooler than expected.
If macro data disappoints, Ethereum could retreat to $1,880 or even test $1,850. Watch for any headline surprise from Federal Reserve communications this week.
Traders looking to go long should wait for confirmation above $1,927. Those holding ETH should consider taking partial profits at $1,980 before a potential pullback.
Read More →