Ethereum price rose nearly 2% on Aug. 17 as ETH reclaimed $1,900, while improving daily momentum and nearby short-liquidation clusters put the $2,000 level back in focus. According to data from crypto.news, Ethereum (ETH) price traded at $1,912 at press time, up 1.95% on the day after moving between an intraday low of $1,872 and a high of $1,915.
Market Analysis
Buyers entered near the session low and carried ETH through the psychological $1,900 level. The recovery extended a consolidation phase that has developed since ETH rebounded from its late-June low near $1,530.
Technical Indicators
The daily relative strength index rose to 56.5, above its signal average of 53. An RSI above 50 shows that buying momentum has strengthened, but the reading remains well below overbought territory. Longer-term pressure has not disappeared. Ethereum remains below its declining 200-day moving average at $2,009, making the area around $2,000–$2,010 a more important test than the initial move through $1,900. Fundstrat co-founder and BitMine chairman Tom Lee reposted an analysis from MacroCRG that placed ETH about 3.5% below its daily Ichimoku Cloud.
Breakout Prospects
A move above that layer would be a legitimate breakout because Ethereum has not traded decisively above it since Oct. 9, 2025. The one-week CoinGlass liquidation heatmap shows the closest concentrated leverage above Ethereum around $1,925. Analyst Michaël van de Poppe said Ethereum’s daily chart was improving as the asset continued to form higher highs and higher lows. Based on that construction, he considered an upside break more likely than an immediate loss of support. Van de Poppe identified $2,200 as a possible temporary stopping point before a broader run toward $2,800. Those targets remain conditional on Ethereum first breaking and holding above $2,000.
Support and Resistance
The immediate market structure favors buyers while ETH remains above its cluster of daily moving averages. Support sits at $1,889, followed by $1,870 and the $1,845–$1,860 region shown across the daily chart and liquidation map. On the upside, bulls first need to clear leveraged resistance near $1,925 and $1,950. The larger technical decision would come around $1,980–$2,010, where MacroCRG’s cloud estimate, the psychological $2,000 mark, and the 200-day average converge. US-listed spot Ethereum exchange-traded funds recorded a modest net outflow of $2.26 million during the Aug. 10–14 trading week, according to SoSoValue data. A daily close above $2,010 would improve Ethereum’s longer-term structure and open the path toward the levels cited by van de Poppe. Failure to hold $1,870 would weaken the setup and expose the liquidation-heavy zone below $1,860.