- Ethereum gained over 4% weekly as buyers defended the $1,840 to $1,850 support zone.
- ETH ETFs recorded $244.94 million in weekly inflows, marking a four-month high.
- A break above $1,925 could push Ethereum toward $1,950 and eventually $2,000.
Ethereum enters the weekend with renewed momentum and a clear target. ETH has climbed above $1,900 after gaining more than 4% this week. Strong ETF demand has added another layer of support for buyers. Weak US jobs data has also improved expectations around Federal Reserve policy. Now, traders are watching the $2,000 level closely. A sustained move above that barrier could strengthen Ethereum’s recovery and attract fresh buying interest.
Ethereum Builds Momentum Toward $2,000
ETH currently trades around $1,910 to $1,918 after a steady weekly climb. Buyers have defended the $1,840 to $1,850 zone since August began. That support has prevented deeper declines and encouraged renewed buying. Ethereum now trades above several important daily moving averages. ETH remains above the 20-day average near $1,895. The token also trades slightly above the 100-day average near $1,911. Meanwhile, the 50-day average sits considerably lower at $1,796.
However, Ethereum remains below the 200-day average around $2,061. That longer-term average remains a major hurdle for bulls. Ethereum must first clear $2,000 before challenging the 200-day average. Daily Bull Bear Power also supports the current bullish setup. The indicator reached 32.07, giving buyers a modest advantage. ETF demand provides another reason for optimism among Ethereum traders. Ethereum ETFs attracted $244.94 million during the latest week.
That marked the strongest weekly inflow in almost four months. US spot Ethereum ETFs also recorded $92.15 million on August 6. BlackRock’s ETHA led the previous session with $50.34 million. Cumulative net inflows have now surpassed $11.4 billion. Those figures highlight growing institutional interest in Ethereum investment products.
Liquidation Levels Could Accelerate ETH’s Next Move
The four-hour RSI currently stands at 61.74. That reading shows healthy momentum without reaching overbought territory. Ethereum therefore still has room for further gains before momentum becomes stretched. Liquidation data also points toward important levels above current prices. A large cluster of leveraged positions sits around $1,925.
Another larger band appears between $1,945 and $1,955. A break above $1,925 could trigger forced buying from short sellers. Such buying could push ETH toward the $1,950 region quickly. Analysts also see greater upside if Ethereum clears the $2,000 barrier. Michaël van de Poppe expects ETH could outperform Bitcoin during another market advance.
ETH needs to reclaim $2,000 and the 200-day average. For now, $1,900 remains the key short-term support level. Ethereum has several factors supporting the current recovery. Strong ETF inflows, improving momentum, and weaker jobs data provide fresh support. Still, buyers need a decisive move above $2,000 for stronger confirmation.
