Ethereum (ETH) Price: $2,000 Breakout In Sight As Whale Accumulation and Supply Squeeze Build

TLDR

• ETH rose 1.95% to $1,912, reclaiming the $1,900 level after buyers defended $1,870
• Ethereum closed above its 20-, 50-, and 100-day moving averages
• A whale pulled 5,300 ETH worth $9.98 million off Kraken, tightening exchange supply
• Staked ETH hit a record 41 million, locking up over 33% of circulating supply
• Analyst Michaël van de Poppe sees $2,800 possible if ETH breaks and holds above $2,000

Ethereum climbed 1.95% on August 17, trading at $1,912 after buyers stepped in near the session low of $1,872. The move pushed ETH back above the psychological $1,900 level.

The price closed above its 20-day, 50-day, and 100-day simple moving averages, sitting at $1,889, $1,845, and $1,869 respectively. This keeps the short-term structure intact for buyers.

The daily RSI reached 56.5, above its signal average of 53. That puts momentum in buyer territory, though it remains far from overbought levels.

ETH is still trading below its 200-day moving average, which sits at $2,009. That makes the $2,000–$2,010 zone the key test ahead.

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