$1,927 is overhead resistance—break here targets $2,000. $1,850 acts as both support and resistance. $1,625 is major technical support where huge buying emerges. Know these levels before trading.
Bitcoin holds $65K while ETH struggles. This divergence signals traders rotating from altcoins into Bitcoin. When Bitcoin dominance rises, Ethereum breaks support first—a bearish pattern for altseason.
CPI data arrives this week (August 13–14). Hotter inflation pushes ETH through $1,850 support. Cooler data could spark a breakout above $1,927. Macro data decides Ethereum's next big move.
Breakdown below $1,850 = pullback to $1,625. Consolidation hold = indecision, watch for macro catalyst. Breakout above $1,927 = targets $2,000. Position size accordingly for 5–10% intraday swings.
Set alerts at $1,850 (support), $1,927 (resistance), $2,000 (upside target). Don't chase rallies into overhead resistance. Let CPI data and volume confirm the breakout direction. Risk management first.
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