On August 19th, the Ether factory rebounded to $1920, touching $1930 in Japan, but the purchase did not push $2,000 on the price station. Current trends indicate that short-line kinetic energy has been repaired, although the trend is still weak, and prices continue to be within recent shocks.
Short-line recovery continues to around $1930.
The round rebound started around 17 August, when ETH recovered from the vicinity of $1870 and re-positioned at $1900. 4 On the hour chart, the price has been removed from the previous traverse zone of $1875 to $1900, and the short-line low point is rising.
At the rhythm, the range of $1920 to $1930 has become the first area of significant resistance in the recent past. Since the beginning of August, the buyout has tested this location several times, but has not been able to make a stronger breakthrough.
With regard to technical indicators, 4 hours of RSI up to 61 above the median 50; MACD also continues to be in a positive range. This suggests that short-term purchases are the best, but the kinetic energy increase is not strong, and the situation has not yet reached a fast-start phase.
US$ 1986 to US$ 2000 constitute a barrier above
The solar-line structure shows that ETH is still running above the critical retreat. If the price continues to hold near $1873, the current rebound structure will be maintained, while the next more important resistance position is around 1986 and close to the 2000 integer level.
This means that even if ETH continues to move, the market needs to digest the drag band of 1986 to 2000 before it can open up more space. If the breakthrough is effective, the next target will gradually shift to $2098.
However, the intensity of the trend remains the greatest constraint at present. Data show that ADX is only around 15, which is significantly lower than what is usually considered to be a trend. Such readings often mean that prices are easier to continue to organize, rather than coming out of unilateral breakthroughs.
If prices fall again by $1873, the current bias structure will be weakened. At that point, the market could look back at the $1850 near, or even test a lower $1,800 area.
1930 U.S. dollars up and down, intensive clearing position
CoinGlass' three-day clearing heat seeks to show that there are more intensive leverage positions above and below the current prices of the Taifeng. The most visible settlement area above is in the vicinity of US$ 1930, followed by US$ 1940 to 1960.
This means that if prices continue to rise and stand at $1930, some of the empty silos may be passively flat, thus pushing ETH to further test 1950 dollars and then look near 1986 dollars.
A clear settlement area also exists below. There is a layer of support in the vicinity of $1900, while the leverage position in the area between $1865 and $1880 is more intensive. If ETH again loses $1900, the price of $1873 may accelerate.
Overall, ETH is currently caught between two adjacent groups of mobile areas. The short-line direction depends on which side the price goes through first: moving up, $1930, and it is expected that the test will continue from 1950 to 1986; if it is blocked again, it could still go back to $1,900 to sort it out.
The market is also concerned about ETH relative bitcoin performance
Some analysts are also observing ETH/BTC movements. If it continues to be relatively stronger than TTco, it usually means that the money does not just follow up, but starts to rotate from bitcoin to the mainstream, which will provide additional support to the ETH dollar-denominated movement.
According to analysts, the ETA has not yet taken a clear direction. ETF financial flows, pledge requirements, Layer 2 dynamism and chain use remain important factors that affect prices in the future.
In terms of the current structure, the proximity of $1850 is still the more critical base, and repositioning of $2,000 is seen by the market as a stronger signal of a visible return of kinetic energy. Prior to that, the round was more of an in-house repair than a confirmed new breakthrough.