Ethereum (ETH) Price: Network Addresses Double in a Week as Bulls Defend $1,850 Support

TLDR

• ETH is trading near $1,880, consolidating in a tightening range with $1,850 acting as key support
• A breakout above $1,920 could push ETH toward $2,000, with $2,400 as the next major target
• Ethereum’s seller exhaustion indicator has dropped to its lowest level since 2015
• Daily new ETH addresses surged from 121,210 to 212,560 between August 8 and August 16
• Bearish analysts warn ETH could still fall to $1,210 by November if it fails to clear weekly resistance

Ethereum is trading near $1,880 with around $4.89 billion in daily volume. Price has been moving sideways for weeks, stuck between key support and overhead resistance.

Analyst Ted notes that ETH has held above the $1,850 support zone, which bulls are treating as a foundation for any recovery. As long as this level holds, buyers remain in control.

Short-term resistance sits at $1,920. A clean break above that level, backed by strong volume, could open the door to $2,000. Failure to break it could send ETH back toward $1,750.

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