The Ethereum price is currently chopping below a key resistance area, holding around the $1,900 level after its recent recovery. On the 4-hour chart, the structure still shows a series of higher lows, which suggests buyers are slowly stepping in, but overall price action remains range-bound as both sides wait for a clear direction.
Currently, the important level to watch is the $1,935–$1,945 zone. If ETH manages to break above this area, it could open the door for a move above $2000.
ETH Consolidates Below Key Resistance
ETH is currently moving sideways just below a key resistance area, holding around the $1,900 level after its recent recovery. On the 4-hour chart, the structure still shows a series of higher lows, which suggests buyers are slowly stepping in. But overall price action remains range-bound as both sides wait for a clear direction.
The recent recovery toward $1,900 keeps the bullish structure intact, but buyers need to clear the resistance zone for the next leg higher. A breakout above $1,945 could push ETH toward $1,950, while a break below the rising trendline could send the price back toward the $1,875–$1,885 support zone.
Short Liquidation Liquidity Builds Above ETH
The liquidation map shows a concentration of short liquidation levels above the current price, starting around $1,920and extending toward the $1,945–$1,950 area. This makes the zone important if ETH starts moving higher.
A push above $1,920 could trigger short liquidations and add momentum to the move toward the major resistance zone. However, these liquidation levels are potential liquidity, not a guaranteed price target. If ETH is rejected before clearing resistance, the focus shifts to the long liquidation area around $1,875–$1,885, which could act as the next downside zone.
Ethereum (ETH) Price Prediction for August
Ethereum price prediction for the rest of August remains cautiously bullish, provided the current recovery holds. Recent market forecasts are also clustering around the $1,950–$2,000 area for August.
From the chart setup, $1,945 is the key breakout level. A sustained move above it could put $1,950–$2,000 in focus. On the other hand, rejection from resistance could keep ETH range-bound and expose $1,885–$1,875 on the downside.
- Bullish: $1,950 → $2,000
- Bearish: $1,885 → $1,875
- Key level: $1,945
So, for this month, $1,945 is the level that could determine whether ETH extends its recovery or remains stuck in consolidation.
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