1 month ago
6
Key Takeaways
- ETH is testing repeated resistance near $1,920, reinforced by the declining 100-day SMA.
- The first important pullback zone sits near $1,870, where a Fibonacci level and two trendlines converge.
- Ali Martinez’s MVRV framework points toward $2,300 before the larger $3,000 target.
- Positive OI-weighted funding shows that derivatives positioning remains tilted toward longs, but it does not determine the next price move.
At the time of writing on August 6, Ethereum was trading near $1,900 after reaching an intraday high around $1,917.
Horizontal resistance near $1,920 has already stopped several attempts since mid-July. The declining 100-day simple moving average now reinforces the same area, increasing the risk that ETH retraces before making another sustained attempt higher.
The 200-day SMA remains considerably higher around $2,070.
English (US)