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Points of Focus
- ETH trades at $1,900.66, testing resistance near a two-month high.
- US spot ETH ETFs posted their first negative week since late June.
- The EMA100 at $1,917.21 is the nearest resistance, 0.87% above the spot price.
Ether (ETH) trades at $1,900.66, up 1.42% on the day, per TradingView data at the time of writing, testing a level it has not sustained since its climb off June’s lows near $1,600.
ETH’s daily candle opened at $1,768.50, reached a high of $1,772.71, dipped to a low of $1,539.40, and closed at $1,581.64 on the reference session shown, a wide swing that underscores how much ground the price has recovered since.
Ethereum ETF outflows break six-week inflow streak
US spot Ethereum ETFs posted a net outflow of $2.26 million for the week of August 14, according to SoSoValue weekly flow data, the first negative week since late June and a break from six consecutive weeks of inflows that included $244.94 million just the prior week.
Cumulative net inflows remain at $11.45 billion, so the outflow itself is small against that total. What makes it notable is the timing: ETH is testing a fresh local high at the exact moment the flow trend that helped build the move there turns negative for the first time in nearly two months.
One week of outflows against a six-week run of inflows is not yet a trend reversal. But it is the first data point since June that runs counter to the pattern, and the next weekly print will say whether this was noise from profit-taking into strength or the start of something more structural.
Key technical levels to watch as ETH price faces major resistance
Ten of the thirteen trackable moving averages (MA) now sit below the spot price as support, a broadly bullish stack.
The exception is concentrated at the longer end: the 100-day and 200-day exponential moving averages (EMA), at $1,917.21 and $2,124.63, and the 200-day simple moving average (SMA), at $2,008.25, remain overhead.
The nearest of those, the 100-day EMA, is just $16.55, or 0.87%, above spot, making it the level actually standing between ETH and a clean run through its short- and medium-term averages.
That resistance sits close enough that the Ichimoku Base Line, at $1,898.65, has effectively flipped to support underneath the current price, just $2.01 below the spot. The relative strength index reads 55.02, and the average directional index sits at 14.75, both neutral, meaning this test has not yet built the kind of momentum that typically forces a level.
The moving average convergence divergence level, at 8.38, registers a downward signal even as most of the shorter-dated averages lean bullish, a split worth watching rather than smoothing over.
ETH’s $1,917 level could decide the next price move
A close above $1,917.21 would clear the first real resistance ETH has faced since its recovery began and put the wider gap toward $2,008.25 in view.
A rejection there, especially if next week’s ETF data confirms rather than reverses this week’s outflow, would suggest the flow reversal and the technical stall are the same signal showing up in two different datasets. The 100-day EMA, not the flow number itself, is the level that determines which reading was right first.
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