Ethereum fell to $1,875 as sellers rejected the latest move above $1,900, with the token failing to hold the psychological $1,900 level that has repeatedly attracted selling during August. According to crypto.news data, ETH traded at $1,874.90 on August 14 after moving between an intraday low of $1,869.32 and a high of $1,891.30, down 0.6% on the daily candle. The latest decline extended ETH's failure to hold the $1,900 level, which has repeatedly attracted selling during August, with price briefly trading above $1,920 earlier in the week before sliding back into the $1,870–$1,890 area. Profit-taking near $1,900 has kept Ethereum inside a narrow range rather than producing a clean trend, with buyers defending declines toward $1,850 but each rebound struggling as it approached $1,920.
Ethereum traded below its 20-day simple moving average at $1,881.11 and its 50-day average at $1,893.64, with both averages now forming immediate resistance around the same area where recent rebounds have stalled. The 4-hour chart shows the same loss of momentum, with ETH recovering from its late-June low around $1,550 and reaching almost $1,980 in late July, but recording several unsuccessful attempts to establish support above $1,900. The daily RSI stood at 49.72, below its signal average of 52.55 and slightly under the neutral 50 level, indicating a neutral-to-weak setup. Chaikin Money Flow stood at minus 0.01, indicating that buying and selling pressure were almost balanced, with a slight advantage for sellers, supporting the view that Ethereum lacks the sustained inflows needed for a firm breakout. The asset remains above its 100-day average at $1,825.60, leaving the medium-term recovery from June intact, though losing $1,850 would reduce the distance between price and the 100-day average.
The $1,940–$1,950 liquidation cluster represents the strongest visible band on CoinGlass's one-week liquidation heatmap, with another notable cluster close to $1,925 and additional leveraged positions near $1,970. Leveraged short positions may become vulnerable if Ethereum reclaims $1,900 and continues toward those areas, with a move into the clusters potentially forcing short sellers to close positions and adding market purchases to accelerate the rebound. Downside liquidity is concentrated around $1,840–$1,860 and a larger band around $1,835–$1,845, with the heatmap placing ETH between competing pools of leveraged positions. A break below $1,850 could trigger long liquidations and carry ETH toward $1,840, while a close above $1,900 would open a path toward $1,925, followed by the more heavily concentrated $1,940–$1,950 zone. The 4-hour Aroon Up registered 64.29% compared with Aroon Down at 14.29%, suggesting the recent rebound structure has not fully disappeared, though the price action has yet to confirm renewed upside strength.
U.S. spot Ethereum ETFs recorded $245 million in net inflows during the Aug. 3–7 trading week, extending their positive run to five consecutive weeks according to SoSoValue data. BlackRock's ETHA accounted for about $203 million of the weekly total, while Fidelity's FETH attracted approximately $24.2 million, with Grayscale's ETHE recording about $4.8 million in net outflows during the same period. The sustained ETF demand provides U.S. investors with regulated exposure to Ethereum and shows that institutional accumulation has continued despite weak short-term price action, though $245 million in weekly inflows has not been enough to push ETH through the resistance between $1,900 and $1,950. Macro conditions have offered mixed signals, with U.S. equity funds attracting $2.58 billion in the week through Aug. 12 as softer labor data and stable inflation reduced expectations of a Federal Reserve rate increase, while technology-focused funds posted $4.62 billion in withdrawals during the period.
Crypto analyst Ted Pillows said Ethereum was still holding above its $1,850 support zone, describing it as a 'must-hold level' if the asset is to preserve its recent gains, with his chart placing the first upside barrier around $1,955, followed by $2,050 and $2,190. MN Trading founder Michaël van de Poppe said Ethereum was gaining against Bitcoin and approaching the 0.03 level on the ETH/BTC pair, expecting a possible liquidity flush if Bitcoin sweeps lower. For U.S. traders, the next move will remain sensitive to changes in Federal Reserve expectations, with July's CPI readings not materially altering the policy outlook. The short-term structure remains neutral-to-bearish below $1,920, with holding $1,875 around the $1,875 Murrey Math level preserving the consolidation that has developed since late July. A decisive 4-hour close below $1,857 would increase the risk of a move toward $1,840, while recovery above $1,888 would be the first sign that buyers are regaining short-term control. The long-term resistance is substantially higher, with the 200-day moving average at $2,025.24, showing that Ethereum has not yet reversed the larger downtrend that began after its April and May highs above $2,300.
