Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is trading below a key resistance area, holding around the $1,900 level after its recent recovery. In technical-analysis terms, a resistance zone marks an area where selling has previously capped price, which is why clearing it is generally treated as a prerequisite for a renewed move higher. The move back toward $1,900 keeps the short-term bullish structure intact, but buyers still need to clear the overhead resistance zone before the next leg higher can begin.

On the 4-hour chart, the structure continues to show a series of higher lows — a pattern in which each pullback bottoms above the previous one and is typically read as evidence that buyers are slowly stepping in — yet overall price action remains range-bound as both sides of the market wait for a clear direction.

At the time of writing, 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 $2,000. In practice, a breakout above $1,945 could push the price toward $1,950, while a break below the rising trendline could send ETH 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 sitting above the current price, starting around $1,920 and extending toward the $1,945–$1,950 area. Liquidation maps aggregate the price points at which leveraged futures positions would be force-closed by exchanges; when a short is liquidated, the automatic buy-back of that position can add upward pressure, which is why traders watch such clusters as pockets of potential liquidity. That cluster 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. The analysis stresses, however, that these liquidation levels represent potential liquidity rather than a guaranteed price target.

If ETH is rejected before clearing the resistance, the focus instead 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

The price prediction for the rest of August remains cautiously bullish, provided the current recovery holds, according to the analysis. Recent market forecasts are also clustering around the $1,950–$2,000 area for the month. As with any chart-based outlook, these levels frame potential scenarios rather than guaranteed outcomes.

Based on the chart setup, $1,945 stands out as the key breakout level: a sustained move above it could put $1,950–$2,000 in focus, while a rejection from resistance could keep ETH range-bound and expose $1,885–$1,875 on the downside.

Key levels highlighted in the analysis:

• Bullish: $1,950 → $2,000
• Bearish: $1,885 → $1,875
• Key level: $1,945

For August as a whole, $1,945 is therefore the pivot that could determine whether ETH extends its recovery toward the $1,950–$2,000 area or remains stuck in consolidation below the key resistance.

Original analysis: Coinpedia — Ethereum Price Prediction for August