Ethereum (ETH) Price: Five Weeks of ETF Inflows and ETH Is Still Range-Bound – What’s Next?
TLDR
- ETH is trading near $1,875, failing to hold above the $1,900 level
- RSI sits at 49.72, pointing to neutral-to-weak momentum
- Open interest dropped to its lowest since early May before recovering slightly
- US spot Ethereum ETFs pulled in $245 million over five consecutive weeks of inflows
- Key support sits at $1,850; a break below could send ETH toward $1,700
Ethereum is trading around $1,875 after sellers pushed back each time the price tried to break above $1,900. ETH briefly touched $1,920 earlier this week before sliding back into its current range.
Buyers have been defending the $1,850 zone, but every rebound has run into selling pressure near $1,900 and $1,920. The price has been stuck in a narrow band for most of August.
On the daily chart, ETH is sitting below its 20-day moving average at $1,881 and its 50-day average at $1,893. Both of those averages are now acting as resistance right where recent rebounds have failed.
The 14-day RSI stands at 49.72, just below the neutral 50 level. Chaikin Money Flow is at -0.01, showing buying and selling pressure are nearly balanced with a slight edge to sellers.
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