On August 17th, the Ether factory rebounded from US$ 1872 to US$ 1912 on the disk and was repositioned at US$ 1900. The current trend remains within the convulsive zone of recent weeks, and market attention has shifted to the ability to further digest the high liquidity zone above.

Still between 1850 and 1960. Internal

Since late July, ETH has fluctuated mostly between 1850 and 1960 dollars. This rebound is more like a retest of the uphill zone, rather than a higher level confirmed. Although the price was clearly repaired at a lower June point, it was still below a year-on-year level.

3.24 million ETH to pledge contracts

Chain monitoring revealed that a total of 32,400 ETH were transferred to the Beacon Deposit Contract, which was approximately $6.14 million at current prices. Arkham data indicates that this address may be related to the encryption platform Bitpanda.

Such transfers typically reduce the availability of immediate access to spot markets and thus support short-line sentiment. However, a single transfer does not prove directly that the coins were bought in the same day ' s rebound, and the pledged ETH follow-up can be re-entered after completion of the extraction process.

$125 became the focus of recent liquidity.

CoinGlass' one-week clearing hottest attempt has shown that the 1920 to 1930 area has more leverage positions, of which 1925 is the most intensive in the vicinity. If ETH continues to stand above $1900, this area could become the most recent price test point.

The top 1945 to 1950 dollars also have a significant liquidity build-up, which is close to the next phase. If the price is not sustained for four hours near US$ 1868, the areas below US$ 1860 and US$ 1850 may again be targeted for evacuation.

Short-line kinetic improvements but long-term pressure.

4 On the hour chart, ETH has been re-positioned on the Bryn Belt medium track for approximately $1884 and has at one point broken off the track to show a short-line purchaser ' s enhancement. RSI rises to 63.66, indicating improvement in kinetic energy compared with the previous period, but has not yet entered the heat zone.

However, caution remains at the solar line level. ETH is currently above the average of 20, 50 and 100 days, but still below the average of approximately US$ 2009 of 200 days. At the same time, the indicator of financial flows remains negative, indicating that this round of rebound has not yet been confirmed with stronger inflows.

Macro factors still affect risk preferences

Inflation and interest rates in the United States are expected to continue to affect the return on United States debt and the United States dollar, and thus the performance of encrypted assets. Citi flag has been revised downwards for the next 12 months, with fare prices expected, for reasons including slow progress in United States encrypted market legislation and weak chain user activity.