Ethereum price moved back above $1,900 on Aug. 6 as renewed spot demand and short liquidations helped buyers defend the latest recovery.
Summary
- Ethereum price was trading near $1,908 on Thursday after reaching an intraday high of $1,920.
- The daily chart places the next major resistance at $1,965, followed by $2,000.
- 4-hour Supertrend support has risen to $1,842, keeping the short-term structure bullish.
- Liquidation clusters near $1,925–$1,950 could accelerate a breakout or trigger another rejection.
Ethereum price holds above $1,900
According to data from crypto.news, Ethereum (ETH) price was trading at approximately $1,908 at the time of writing, having recovered from an intraday low near $1,895. The move returned ETH above the psychological $1,900 level after several days of consolidation.
ETH’s rebound followed a period of aggressive spot buying and pressure on traders positioned for further losses. Its move through nearby short positions appears to have contributed to the quick advance, although the price had not yet cleared its recent swing highs.
Daily price action shows Ethereum building a base above the 38.2% Fibonacci retracement at $1,856.62. This level is measured from the June low of $1,505.42 to the April peak of $2,424.78.
ETH has repeatedly held above $1,856 since mid-July, suggesting buyers remain active on pullbacks. However, the price has also struggled to extend gains beyond the $1,920–$1,965 area.
The repeated defense of support and rejection from resistance have created a consolidation range between approximately $1,856 and $1,965. A confirmed break from either side could determine Ethereum’s next larger move.
Momentum supports bulls but shows early weakness
The daily Aroon indicator continues to favor buyers. Aroon Up stood at 64.29%, compared with an Aroon Down reading of 28.57%.
That difference indicates that recent highs are more relevant to the current trend than recent lows. It supports the view that Ethereum remains in a broader recovery despite its inability to break above $2,000.
The Awesome Oscillator was also positive at 23.53. A reading above zero generally indicates that short-term momentum remains stronger than longer-term momentum.
However, the oscillator’s green bars have started to contract. This suggests bullish momentum is losing some strength as Ethereum approaches resistance. Buyers may therefore need a rise in volume or another liquidation-driven move to sustain the breakout.
The 4-hour chart provides a more constructive signal. Ethereum remains above the Supertrend support at $1,842.44, while the indicator continues to show a bullish trend.
Chaikin Money Flow stood at 0.07, returning above the zero line. The positive reading points to modest net buying pressure, although it is not high enough to confirm overwhelming demand.
Together, the indicators show that bulls retain control of the short-term structure, but the market has not yet produced the momentum needed for a clean move through $1,965.
Liquidation levels could shape the next move
CoinGlass’ 3-day liquidation heatmap shows several leverage clusters surrounding Ethereum’s current price.
The nearest upside liquidity appears between approximately $1,925 and $1,950. A move into this region could force short sellers to close positions, adding market buy orders and potentially accelerating Ethereum toward $1,965.
The level is also the 50% Fibonacci retracement on the daily chart. Its position directly below $2,000 makes the $1,950–$1,965 range a major test for the recovery.
A daily close above $1,965 would strengthen the bullish case and expose $2,000. If buyers also clear that psychological barrier, the next Fibonacci resistance is located at $2,073.58.
The heatmap also reveals sizable downside liquidity. The strongest nearby concentrations sit around $1,870 and between $1,850 and $1,860.
These zones could attract price if ETH loses $1,900. The $1,856 level is especially important because it combines Fibonacci support with a dense liquidation area. A sweep below it could extend toward the 4-hour Supertrend at $1,842.
Losing both levels would weaken the recovery and place the lower liquidity region near $1,800 back in focus.
Can Ethereum bulls push the price to $2,000?
In an Aug. 6 X post, analyst Ted Pillows said Ethereum must preserve its latest breakout before attempting another advance.
“ETH has reclaimed the $1,900 level. Ethereum needs to hold above this for a rally towards $2,000.”
The charts broadly support that conditional outlook. Holding $1,900 would leave Ethereum positioned to challenge the short-liquidation clusters at $1,925–$1,950 and the Fibonacci barrier at $1,965.
A 4-hour or daily close above $1,965 would provide stronger confirmation that buyers can test $2,000. Until then, ETH remains inside a resistance zone that has already rejected several advances since mid-July.
For U.S. traders, wider risk appetite may also influence the move. Ethereum remains sensitive to Wall Street technology stocks and changing expectations for the Federal Reserve’s September meeting. A shift toward tighter policy expectations could weigh on speculative assets, while improving equity sentiment may support another ETH breakout.
The bullish setup therefore depends on three conditions: Ethereum must hold $1,900, clear the leverage above $1,925 and break the $1,965 Fibonacci level. Failure to protect $1,856 would instead invalidate the immediate $2,000 target and expose $1,842.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
