Ethereum (ETH) Price: Whales Are Buying While Retail Sells - What Happens Next?

TLDR

• Ethereum dropped 2.4% to $1,872 after post-CPI gains reversed below the $1,900 level
• Exchange reserves rose slightly to 15.13 million ETH, a sign of mild selling pressure
• Retail wallets sold 160K ETH while whales accumulated around 100K ETH last week
• US spot ETH ETFs saw $244.9 million in net inflows last week but modest outflows this week
• Key support sits at $1,875, with resistance clustered between $1,920 and $1,955

Ethereum fell 2.4% on August 13, dropping from an intraday high of $1,918 to a low of $1,872. The move came after traders sold into the US Consumer Price Index (CPI) release, erasing ETH’s earlier gains.

The July CPI report showed headline inflation up 0.1% month over month and 3.4% year over year. Core inflation rose 0.2% monthly and 2.5% annually. All four readings matched expectations, giving traders no fresh reason to push prices higher.

ETH had climbed ahead of the report, reaching around $1,918 before profit-taking kicked in. Once price slipped through the $1,887 level, thin liquidity allowed a quick drop toward $1,872.

… Continue reading the full article at the original source below.