Ethereum's RSI sits at 54—neutral territory with room to run higher. Higher lows, heavy volume at $1,927-$1,935, and an intact uptrend suggest buyers are waiting for confirmation near $2,000.
Arbitrum, Optimism, and Base L2s now generate combined revenue exceeding Ethereum mainnet. Institutional players are accumulating ETH ahead of the ecosystem's September anniversary milestone.
Tuesday's CPI print will determine whether rate-cut expectations hold. A softer-than-expected number ($2.7-2.9% YoY) likely triggers Ethereum's move through $2,000 and into $2,100 by week's end.
Close above $2,000 on volume = bullish continuation. Break rejected? Support sits at $1,927, then $1,880. Position size accordingly—macro data hits Tuesday, FOMC minutes on August 20.
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