TLDR
- Ethereum is trading around $1,910–$1,918, holding above the key $1,900 level
- US spot ETH ETFs saw $92.15 million in net inflows on Aug. 6, with weekly inflows the largest in nearly 4 months at $244.94 million
- ETH is now trading above its 20, 50, and 100-day moving averages, but remains below the 200-day at $2,061
- A weaker-than-expected US jobs report eased Fed rate hike fears, boosting risk assets including crypto
- Analysts point to $2,000 as the next key target, with $1,900 the line between bullish and bearish short-term scenarios
Ethereum is trading at roughly $1,910–$1,918. The price has held above the $1,900 psychological level after a steady climb through the week.
ETH is up more than 4% on the week. Buyers have defended the $1,840–$1,850 region consistently since the start of August, stopping any deeper pullback.
The price is now above three key daily moving averages. ETH sits above its 20-day average at $1,895, its 100-day at $1,911, and its 50-day at $1,796. The one lagging indicator is the 200-day moving average, which sits at $2,061. ETH remains below that level.
The daily Bull Bear Power reading turned positive at 32.07, suggesting buyers have a modest edge right now.
Analyst Ted Pillows weighed in on Twitter, noting that ETH ETFs bought $244.94 million in Ethereum this week — the largest weekly inflow in almost four months. He also said that despite a delay in Clarity Act voting, ETH looks healthy. “If ETH manages to hold above this level, a rally to $2,000 could happen next,” he wrote.
$ETH is still holding above the $1,900 level.
Clarity Act voting has been delayed, but still Ethereum looks good.
If ETH manages to hold above this level, a rally to $2,000 could happen next. pic.twitter.com/rJiHJh5H8l
— Ted (@TedPillows) August 7, 2026
ETF Flows and Jobs Data Fuel the Move
US spot Ethereum ETFs recorded $92.15 million in net inflows on Aug. 6. BlackRock’s ETHA led the prior session with $50.34 million. Cumulative net inflows into US spot ETH ETFs have now crossed $11.4 billion.
$ETH ETFs bought $244,940,000 in Ethereum this week.
Largest weekly inflow in almost 4 months. pic.twitter.com/h5WLpv4j0p
— Ted (@TedPillows) August 8, 2026
Friday’s US jobs report added fuel. The economy lost 23,000 jobs in July versus expectations of around 80,000 gains. That miss made another Fed rate hike harder to justify, with futures now pricing roughly a 56% chance of a pause at the September meeting.
BREAKING: The US economy unexpectedly loses -23,000 jobs in July, well below expectations of +85,000.
The unemployment rate fell to 4.1%, below expectations of 4.2%.
June’s jobs number was also revised down by -37,000 jobs.
This marks the 3rd biggest monthly job loss since the…
— The Kobeissi Letter (@KobeissiLetter) August 7, 2026
The 4-hour RSI stands at 61.74, above its signal line but below the 70 overbought level. Momentum is with buyers, but not stretched.
Liquidation Zones Point Toward $1,950
The 3-day liquidation heatmap shows a cluster of leveraged positions near $1,925, with a larger band between $1,945 and $1,955. These zones could pull price higher if buying pressure continues.
A break through $1,925 could trigger forced buying from short sellers, accelerating a move toward $1,950.
Analyst Michaël van de Poppe said Ethereum could outperform Bitcoin if BTC breaks higher. His broader target for ETH sits near $2,400, though he noted ETH needs to clear $2,000 and the 200-day average first.
The next level to watch is $2,000. ETH closed Friday near $1,918, with $1,900 as the immediate support level holding the short-term bullish case together.
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