Ethereum (ETH) Price: How Wednesday’s U.S. Inflation Data Could Move ETH – Watch These Levels

TLDR

• ETH is holding a key support zone between $1,720 and $1,780, which is critical for a bullish recovery.
• A breakout above $1,875 resistance could push ETH toward the $2,200 target.
• A single whale accumulated 90,000 ETH worth $170 million in total, staking the latest 50,000 ETH.
• U.S. spot ETH ETFs saw $14.59 million in daily net outflows on August 10th.
• Wednesday’s U.S. CPI inflation data is seen as a key catalyst for ETH’s next move.

Ethereum is trading at $1,887.04 at the time of writing, with a 24-hour trading volume of $8.05 billion and a market cap of $227.73 billion.

The price has been holding within a key support range of $1,720 to $1,780. Crypto analyst Nehal identified this zone as a critical buying area where buyers are working to defend support.

If ETH holds this range, it could set up the next recovery leg. The critical resistance level to watch is $1,875.

A high-volume break above $1,875 could open the path to $2,200, according to Nehal’s analysis. Failure to hold the $1,720–$1,780 zone would weaken the bullish case.

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