$ETH TH is trading around $1,877–$1,883, down slightly (~1–2%) today and about a $2,865 drop over the past year, well below its August 2025 all-time high near $4,946.
Key levels:
Pivot point: $1,890, with support at $1,861, $1,845, and stronger support at $1,816
Resistance: $1,906, $1,935, $1,951
RSI sits at a neutral 50.5 — no clear overbought/oversold signal
Technical sentiment is genuinely split: 16 bullish vs. 14 bearish indicators
50-day SMA projected near $1,876 by mid-September; 200-day SMA projected to dip to ~$1,981
What's driving it:
Broader crypto market is soft today — BTC, $XRP P, and $SOL L are all down 1–2% alongside ETH
Ongoing Middle East tensions (Strait of Hormuz) are weighing on risk assets generally
On-chain concern: several long-dormant "whale" wallets have recently reactivated, reigniting fears of large sell pressure
Longer term, some analysts (like Bitwise's CIO) are bullish on a broader crypto "revaluation" as DeFi protocols adopt revenue-driven token buybacks
Key levels:
Pivot point: $1,890, with support at $1,861, $1,845, and stronger support at $1,816
Resistance: $1,906, $1,935, $1,951
RSI sits at a neutral 50.5 — no clear overbought/oversold signal
Technical sentiment is genuinely split: 16 bullish vs. 14 bearish indicators
50-day SMA projected near $1,876 by mid-September; 200-day SMA projected to dip to ~$1,981
What's driving it:
Broader crypto market is soft today — BTC, $XRP P, and $SOL L are all down 1–2% alongside ETH
Ongoing Middle East tensions (Strait of Hormuz) are weighing on risk assets generally
On-chain concern: several long-dormant "whale" wallets have recently reactivated, reigniting fears of large sell pressure
Longer term, some analysts (like Bitwise's CIO) are bullish on a broader crypto "revaluation" as DeFi protocols adopt revenue-driven token buybacks