Spot

Threshold

Ethereum

Tom Lee

Taker

<h3 id="tldr">TLDR</h3><ul><li>Ethereum advanced 1.95% to reach $1,912, successfully recovering the $1,900 threshold after finding support at $1,870</li><li>ETH settled above its 20-day, 50-day, and 100-day moving averages</li><li>A major holder withdrew 5,300 ETH valued at $9.98 million from Kraken, reducing available exchange inventory</li><li>Total staked Ethereum reached an all-time high of 41 million tokens, representing over 33% of supply in circulation</li><li>Trader Michaël van de Poppe suggests $2,800 could be achievable if ETH successfully clears and maintains above $2,000</li></ul><p>Ethereum registered a 1.95% gain on August 17, reaching $1,912 after market participants provided support near the intraday bottom of $1,872. This upward movement restored ETH above the significant $1,900 threshold.</p><figure id="attachment_205722" style="width: 100%" class="wp-caption aligncenter"><img class="size-full wp-image-205722" src="https://blockonomi.com/wp-content/uploads/2026/08/chart-9-1.webp" alt="Ethereum (ETH) Price" width="1824" height="1248"><figcaption id="caption-attachment-205722" class="wp-caption-text"><a href="https://www.coingecko.com/en/coins/ethereum?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd7" rel="noopener noreferrer nofollow">Ethereum (ETH) Price</a></figcaption></figure><p>The digital asset settled above its 20-day, 50-day, and 100-day simple moving averages, currently positioned at $1,889, $1,845, and $1,869 respectively. This configuration maintains favorable short-term technical positioning for bullish participants.</p><p>The daily Relative Strength Index climbed to 56.5, surpassing its signal average of 53. This places momentum indicators in favorable territory for buyers, although readings remain well below overbought conditions.</p><p><a href="https://coincentral.com/ethereum-eth-casinos/" rel="noopener noreferrer nofollow">ETH continues trading</a> beneath its 200-day moving average, currently located at $2,009. This positions the $2,000–$2,010 range as the crucial resistance zone moving forward.</p><p>Fundstrat co-founder Tom Lee shared a technical chart from analyst MacroCRG illustrating ETH positioned approximately 3.5% below its daily Ichimoku Cloud. Lee noted “Would be good to see,” indicating optimism for a possible breakthrough above this technical barrier — a level ETH hasn’t surpassed since October 2025.</p><h3 id="whale-activity-and-supply-squeeze">Whale Activity and Supply Squeeze</h3><p>A significant cryptocurrency holder transferred 5,300 ETH, valued at roughly $9.98 million, off the Kraken exchange. Such withdrawals diminish the inventory accessible for trading on centralized platforms.</p><p>Spot Taker Cumulative Volume Delta also transitioned to buyer-dominated conditions after extended periods in neutral ranges. This indicates aggressive buyers were outpacing sellers in crossing bid-ask spreads, strengthening the accumulation narrative.</p><figure style="width: 100%" class="wp-caption alignnone"><img src="https://blockonomi.com/wp-content/uploads/2026/08/Ethereum-Spot-Taker-CVDCumulative-Volume-Delta-90-day-1-scaled-1.webp" alt="" width="2560" height="1440"><figcaption class="wp-caption-text"> Source: CryptoQuant </figcaption></figure><p>Ethereum’s total staked amount reached an unprecedented 41 million ETH, accounting for approximately 33.8% of total circulating tokens. This fundamental decrease in liquid ETH bolsters the supply constraint thesis.</p><h3 id="key-levels-to-watch">Key Levels to Watch</h3><p>Liquidation information from CoinGlass reveals concentrated short positions clustered near $1,925 and the $1,945–$1,950 range. Penetration through these levels could trigger forced short liquidations and amplify purchasing pressure.</p><p>On the support side, the $1,870 threshold remains vital. Analyst Michaël van de Poppe cautioned via X that failure to hold $1,870 could rapidly push ETH toward levels below $1,700 due to substantial long-position liquidity positioned beneath current market prices.</p><p>Van de Poppe noted that ETH’s daily chart is “looking better day after day,” highlighting a pattern of ascending peaks and troughs. He indicated that a decisive break above $2,000 could produce rapid upside movement, with potential temporary resistance at $2,200 before extending toward $2,800.</p><div class="embed-x"><blockquote class="twitter-tweet"><p>To be honest, the daily chart of <a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> starts to look better day after day.</p><p>This is generally how I'm viewing the current market on <a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>.</p><p><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/25ab.png" alt="▫" class="wp-smiley" style="height: 1em; max-height: 1em;"> There are many liquidity levels beneath us on the long side, meaning that it's very likely that we'll drop fast if <a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> loses $1,870. What… <a href="https://t.co/j20KCgIyba" rel="noopener noreferrer nofollow">pic.twitter.com/j20KCgIyba</a></p><p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://x.com/CryptoMichNL/status/2089392813125283992?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 17, 2026</a></p></blockquote></div><p>United States spot Ethereum ETFs registered net outflows totaling $2.26 million during the week spanning August 10–14. BlackRock’s ETHA experienced $16.39 million in withdrawals, indicating institutional demand through ETF vehicles hasn’t yet validated the price recovery.</p><p>The Average Directional Index measured near 18.50 during analysis, suggesting directional momentum remained insufficient for confirmed trend continuation.</p><p>The post <a href="https://blockonomi.com/ethereum-eth-eyes-critical-2000-threshold-amid-growing-whale-activity/" rel="noopener noreferrer nofollow">Ethereum (ETH) Eyes Critical $2,000 Threshold Amid Growing Whale Activity</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.</p>

Ethereum (ETH) Eyes Critical $2,000 Threshold Amid Growing Whale Activity

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