Spot

would

Ethereum

Daily

<h2 id="strong-key-takeaways-strong"><strong>Key Takeaways</strong></h2>
<div class="light-yellow-block">
 <ul>
  <li><strong>The 100-day SMA is the immediate test.</strong></li>
  <li><strong>$1,985 remains the next major resistance.</strong></li>
  <li><strong>ETF flows improved after recent weakness.</strong></li>
  <li><strong>Short-term trading demand remains uneven.</strong></li>
 </ul>
 <p>ETH is trading around $1,920 at the time of writing on August 8, slightly above the 100-day <a rel="noopener noreferrer nofollow">SMA</a> near $1,906. U.S. spot Ethereum ETFs brought in roughly $245 million over the past week, while CoinGlass data show a less consistent signal from short-term spot and futures activity.</p>
</div>
<h2 id="ethereum-is-testing-a-two-week-resistance-break">Ethereum Is Testing a Two-Week Resistance Break</h2>
<p>The 100-day SMA has repeatedly capped Ethereum since late July, making today’s close important for determining whether the latest move can hold.</p>
<p>The resistance developed after ETH approached the 0.5 Fibonacci retracement near $1,985 on July 27 and was rejected. Price subsequently slipped back below the moving average and remained largely underneath it until this week’s recovery.</p>
<figure style="width: 100%" class="wp-caption aligncenter"><img src="https://coindoo.com/wp-content/uploads/2026/08/eth-price-08-08-2026.jpg" alt="Ethereum (ETH/USD) daily price chart on Coinbase showing price recovery above moving averages and RSI indicators." width="1280" height="1041">
 <figcaption>
  ETH/USD daily price chart highlighting the recent market recovery.
 </figcaption>
</figure>
<p>Yesterday’s move finally pushed ETH above the average, and price remains above it at the time of writing.</p>
<p>At around $1,905, the moving average sits close enough to current price that an intraday move below it would not be unusual. The daily close carries more information because it will show whether buyers can maintain the break after several failed attempts to recover the level.</p>
<p>Momentum has improved alongside the move. Daily RSI is around 57, above the neutral 50 level without reaching traditionally overbought territory.</p>
<h2 id="the-1-985-area-has-already-rejected-eth-once">The $1,985 Area Has Already Rejected ETH Once</h2>
<p>Holding the 100-day SMA would still leave Ethereum facing a more difficult resistance zone.</p>
<p>The 0.5 Fibonacci retracement sits near $1,985, almost exactly where the July 27 advance stalled.</p>
<p>The area also overlaps with the broader price region from which Ethereum’s early-June decline accelerated before ETH eventually traded toward $1,500. Buyers are therefore approaching a part of the chart that has mattered during both the recent recovery and the previous selloff.</p>
<p>A decisive move above $1,985 would bring the falling 200-day SMA near $2,050 into view.</p>
<p>Until then, Ethereum has improved its short-term structure but has not yet cleared the larger resistance left by the previous decline.</p>
<h2 id="etf-flows-are-recovering-from-a-weak-stretch">ETF Flows Are Recovering From a Weak Stretch</h2>
<p>U.S. spot Ethereum ETFs recorded roughly $245 million in net inflows over the past week, according to <a href="https://sosovalue.com/assets/etf/us-eth-spot" rel="noopener noreferrer nofollow">SoSoValue data</a>.</p>
<p>The pickup is notable after a much weaker period for the funds, but one stronger week is not enough to establish a durable return of institutional demand.</p>
<p>Ethereum ETFs entered the latest rebound after a difficult summer stretch in which outflows repeatedly weighed on the broader flow picture. The current $245 million therefore looks more significant as an improvement from recent weakness than as confirmation of a new long-term trend.</p>
<p>It also coincides with ETH’s attempt to recover an important technical level. That does not mean ETF buying caused the move above the 100-day SMA, since Ethereum trades across global spot, derivatives and other markets.</p>
<p>For the current setup, continued inflows would matter more than the size of a single positive week, particularly if ETH reaches the $1,985 resistance again.</p>
<div class="read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light">
 <h5 class="text-uppercase border-bottom mb-3 pb-1 d-none d-md-block">READ MORE:</h5><a href="https://coindoo.com/why-ethereum-could-burn-more-rewards-as-staking-grows/" rel="noopener noreferrer nofollow">
  <div class="contentRight col-4"><span><img src="https://coindoo.com/wp-content/uploads/2026/04/Ethereum-eth.jpg"></span>
  </div>
  <div class="contentLeft col-8">
   <h4 class="title mb-0">Why Ethereum Could Burn More Rewards as Staking Grows</h4>
  </div></a>
</div>
<h2 id="trading-flows-are-not-confirming-the-move-yet">Trading Flows Are Not Confirming the Move Yet</h2>
<p><a href="https://www.coinglass.com/currencies/ETH" rel="noopener noreferrer nofollow">CoinGlass data</a> provide a more cautious signal than the price chart.</p>
<p>Spot net flow stands at roughly -$24.36 million over the past 24 hours and -$79.91 million over three days, meaning aggressive selling has outweighed aggressive buying across both windows.</p>
<p>Futures are less clear. Three-day net flow remains positive at about $407 million, while the latest 24-hour reading is negative by roughly $135 million.</p>
<p>The combination does not show sustained buying pressure across both markets as ETH attempts to hold above the 100-day SMA. Spot activity remains tilted toward aggressive selling, while futures positioning has been less consistent.</p>
<p>CoinGlass net flow measures aggressive taker buying against aggressive taker selling. Positive futures flow also does not necessarily represent traders opening new longs, since short covering can generate aggressive buying as well.</p>
<div style="font-family: sans-serif; width: 100%; max-width: 100%; box-sizing: border-box; margin: 20px 0;">
 <div style="margin-bottom: 24px;">
  <div style="background: #1e293b; color: #ffffff; padding: 10px 16px; border-radius: 6px 6px 0 0; font-size: 14px; font-weight: bold; display: inline-block;">
   Futures Flows
  </div>
  <div style="overflow-x: auto; -webkit-overflow-scrolling: touch; border: 1px solid #e2e8f0; border-radius: 0 8px 8px 8px; background: #ffffff;">
   <table style="width: 100%; border-collapse: collapse; min-width: 600px; font-size: 13px;">
    <thead>
     <tr style="background: #f8fafc; border-bottom: 2px solid #e2e8f0; text-align: left;">
      <th style="padding: 12px; color: #0f172a; font-weight: bold;" scope="col">Time</th>
      <th style="padding: 12px; color: #0f172a; font-weight: bold;" scope="col">Inflow</th>
      <th style="padding: 12px; color: #0f172a; font-weight: bold;" scope="col">Outflow</th>
      <th style="padding: 12px; color: #0f172a; font-weight: bold;" scope="col">Net Inflow</th>
      <th style="padding: 12px; color: #0f172a; font-weight: bold;" scope="col">Net Chg %</th>
      <th style="padding: 12px; color: #0f172a; font-weight: bold;" scope="col">Net Inflow/MCap</th>
     </tr>
    </thead>
    <tbody style="color: #334155;">
     <tr style="border-bottom: 1px solid #f1f5f9;">
      <td style="padding: 12px; font-weight: 500;">4 hour</td>
      <td style="padding: 12px;">$242.51M</td>
      <td style="padding: 12px;">$277.74M</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-$35.23M</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-144.44%</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-0.015%</td>
     </tr>
     <tr style="border-bottom: 1px solid #f1f5f9; background: #fafafa;">
      <td style="padding: 12px; font-weight: 500;">8 hour</td>
      <td style="padding: 12px;">$422.78M</td>
      <td style="padding: 12px;">$374.03M</td>
      <td style="padding: 12px; font-weight: bold; color: #16a34a;">+$48.75M</td>
      <td style="padding: 12px; font-weight: bold; color: #16a34a;">+139.43%</td>
      <td style="padding: 12px; font-weight: bold; color: #16a34a;">0.021%</td>
     </tr>
     <tr style="border-bottom: 1px solid #f1f5f9;">
      <td style="padding: 12px; font-weight: 500;">12 hour</td>
      <td style="padding: 12px;">$765.29M</td>
      <td style="padding: 12px;">$705.45M</td>
      <td style="padding: 12px; font-weight: bold; color: #16a34a;">+$59.84M</td>
      <td style="padding: 12px; font-weight: bold; color: #16a34a;">+130.76%</td>
      <td style="padding: 12px; font-weight: bold; color: #16a34a;">0.026%</td>
     </tr>
     <tr style="border-bottom: 1px solid #f1f5f9; background: #fafafa;">
      <td style="padding: 12px; font-weight: 500;">24 hour</td>
      <td style="padding: 12px;">$3.66B</td>
      <td style="padding: 12px;">$3.80B</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-$134.72M</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-124.54%</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-0.058%</td>
     </tr>
     <tr>
      <td style="padding: 12px; font-weight: 500;">3 day</td>
      <td style="padding: 12px;">$14.04B</td>
      <td style="padding: 12px;">$13.64B</td>
      <td style="padding: 12px; font-weight: bold; color: #16a34a;">+$407.47M</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-25.41%</td>
      <td style="padding: 12px; font-weight: bold; color: #16a34a;">0.18%</td>
     </tr>
    </tbody>
   </table>
  </div>
 </div>
 <div>
  <div style="background: #0f172a; color: #ffffff; padding: 10px 16px; border-radius: 6px 6px 0 0; font-size: 14px; font-weight: bold; display: inline-block;">
   Spot Flows
  </div>
  <div style="overflow-x: auto; -webkit-overflow-scrolling: touch; border: 1px solid #e2e8f0; border-radius: 0 8px 8px 8px; background: #ffffff;">
   <table style="width: 100%; border-collapse: collapse; min-width: 600px; font-size: 13px;">
    <thead>
     <tr style="background: #f8fafc; border-bottom: 2px solid #e2e8f0; text-align: left;">
      <th style="padding: 12px; color: #0f172a; font-weight: bold;" scope="col">Time</th>
      <th style="padding: 12px; color: #0f172a; font-weight: bold;" scope="col">Inflow</th>
      <th style="padding: 12px; color: #0f172a; font-weight: bold;" scope="col">Outflow</th>
      <th style="padding: 12px; color: #0f172a; font-weight: bold;" scope="col">Net Inflow</th>
      <th style="padding: 12px; color: #0f172a; font-weight: bold;" scope="col">Net Chg %</th>
      <th style="padding: 12px; color: #0f172a; font-weight: bold;" scope="col">Net Inflow/MCap</th>
     </tr>
    </thead>
    <tbody style="color: #334155;">
     <tr style="border-bottom: 1px solid #f1f5f9;">
      <td style="padding: 12px; font-weight: 500;">8 hour</td>
      <td style="padding: 12px;">$26.01M</td>
      <td style="padding: 12px;">$26.65M</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-$649.21K</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-189.00%</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-0.00028%</td>
     </tr>
     <tr style="border-bottom: 1px solid #f1f5f9; background: #fafafa;">
      <td style="padding: 12px; font-weight: 500;">12 hour</td>
      <td style="padding: 12px;">$49.32M</td>
      <td style="padding: 12px;">$51.55M</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-$2.24M</td>
      <td style="padding: 12px; font-weight: bold; color: #16a34a;">+89.89%</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-0.00097%</td>
     </tr>
     <tr style="border-bottom: 1px solid #f1f5f9;">
      <td style="padding: 12px; font-weight: 500;">24 hour</td>
      <td style="padding: 12px;">$219.05M</td>
      <td style="padding: 12px;">$243.41M</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-$24.36M</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-34.67%</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-0.011%</td>
     </tr>
     <tr>
      <td style="padding: 12px; font-weight: 500;">3 day</td>
      <td style="padding: 12px;">$808.70M</td>
      <td style="padding: 12px;">$888.62M</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-$79.91M</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-830.63%</td>
      <td style="padding: 12px; font-weight: bold; color: #dc2626;">-0.035%</td>
     </tr>
    </tbody>
   </table>
  </div>
 </div>
</div>
<h2 id="price-has-moved-first-flows-have-not-fully-followed">Price Has Moved First, Flows Have Not Fully Followed</h2>
<p>Ethereum’s technical position has improved faster than the supporting flow picture.</p>
<p>ETH is above the 100-day SMA for now, RSI has recovered above neutral and ETF flows have picked up after a weak stretch. CoinGlass data are less convincing, with negative spot flow over both the 24-hour and three-day periods and no equally clear signal from futures.</p>
<p>That does not invalidate the price move. It shows that stronger buying has yet to appear consistently across the markets examined here.</p>
<p>Today’s daily close provides the first confirmation point.</p>
<p>A close above the 100-day SMA would leave ETH in a stronger position to challenge the $1,985 resistance again. Closing back below it would leave the two-week resistance problem unresolved and put the nearby 0.382 <a href="https://coindoo.com/ethereum-pullback-risk-builds-despite-call/" rel="noopener noreferrer nofollow">Fibonacci area around $1,865-$1,870 back into focus</a>.</p>
<div class="light-yellow-block">
 <ul>
  <li><strong>Disclaimer:</strong> This article is provided for informational and educational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, and technical levels can fail without warning.</li>
 </ul>
</div>
<p>The post <a href="https://coindoo.com/ethereum-faces-key-daily-test-two-outcomes/" rel="noopener noreferrer nofollow">Ethereum Faces Key Daily Test: Two Outcomes to Watch</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

Ethereum Faces Key Daily Test: Two Outcomes to Watch

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