On August 18th, the Ether factory fluctuated around US$ 1905, with little space in Japan. Prices have remained in the narrow zone since late July, with $1920 around the market becoming the highest-profile resistance position.

The daylight zone continues to narrow.

In terms of trends, ETH has continued to move down and up in recent highs, and prices have been reduced to about $1850 to $1930. The market is waiting for new directions as the room for fluctuations shrinks further.

No clear unilateral signals have yet been given. Some of the kinetic energy indicators remain weak and the financial flow indicators are slightly below the neutral level, indicating that sales pressure is temporarily slightly higher, but not yet sufficient to justify a significant withdrawal.

At the same time, markets are under pressure from weak demand. The report mentions that, since 10 August, large holders have accumulated around $3 billion in ETH; the turnover of de-centreized exchanges has also declined by about 42 per cent in recent months, and the Coinbase premium has remained negative, reflecting the continued weakness of United States purchases.

1909 and 1870 short line.

4 The hour chart shows that the ETH short line is testing the upper pressure near US$ 1909 and the lower support is concentrated on the US$ 1870 line. If the price stands at $1909, $120 will be the next direct drag.

However, ETH had been blocked on several occasions between $1915 and $1930, which meant that even if the purchase had to go through $1909, it would have to continue to digest the upper pressure. The price could fall again to US$ 1890, if it could not be stabilized.

If the four-hour grade breaks down by $1870, the low-point structure that has been lifted in the near future will be weakened, and market attention may shift to $1850, or even lower-support areas.

It's a $125 settlement.

CoinGlass' three-day liquidation heat attempts to show that the nearest large-scale leverage position at current prices is concentrated above $1925 to $1930, between $1940 and 1950 and around 1980.

This means that once ETH has broken through to $1920, some of the empty silos may be passively flat, and thus zoom in on the purchase plate, pushing the price to continue to move to the 1940 to 1950 dollar area.

Below, there is the most recent level of liquidity in the vicinity of $1885 to $1890, with a stronger support in the vicinity of $1870 and $1860. ETH re-posted on $1800 after a one-day fall to the vicinity of $1885, indicating that the purchase was still low, but that the support might be reduced if tested repeatedly.

The market also focused on ETF flows.

According to analysts Michaël van de Poppe, ETH is still in the midst of an inter-zone shock, and $1920 is key to determining the next course of action; if the breakthrough occurs, the price will have the opportunity to rise further to $2,000.

However, the financial front remains one of the short-term barriers. The US-listed ETF recently recorded a net outflow of $22.6 million, ending a net inflow for several consecutive weeks. The addition of the Coinbase premium remains negative, suggesting that demand in the United States market has not yet generated sufficient push.

The market is also awaiting the minutes of the Fed meeting. It was mentioned that after slowing annual inflation rates to 3.4 per cent in the United States, investors were concerned about the impact of changes in interest rate paths on the demand for risk assets. For ETH, if it can continue to stand at $1920, the follow-up target will look at 1950 and 2000 dollars; if it is again blocked and lost at $1870, it may look back at $1850 or even $1,800.