ethereum

Ethereum price traded near $1,905 on Aug. 18 as tightening daily and 4-hour ranges placed the $1,920 resistance level at the center of its next major move.
Ethereum price tightens inside a symmetrical triangle
According to data, Ethereum ( $ETH ) price was trading at $1,904.89 after moving between an intraday low of $1,885.78 and a high of $1,914.38. The price was down about 0.5% on the day but remained inside the narrow range established since late July.
Ether’s recent lower highs and higher lows have created a symmetrical triangle on the daily chart. The upper trendline has fallen from near $1,980 toward $1,920, while the lower boundary has risen from around $1,800 toward $1,880.
Price has now moved close to the triangle’s apex, where shrinking space between the two boundaries typically precedes a wider move. The formation remains neutral until ETH closes outside either trendline, meaning confirmation matters more than intraday movement within the pattern.
Momentum readings have not yet provided a clear directional signal. The daily Aroon readings were weak, with one line at 21.43% and the other at 0%, reflecting a lack of a strong recent high or low.
Chaikin Money Flow stood at -0.03, slightly below the neutral line. The reading shows that selling pressure has a small advantage, but the figure is not low enough to confirm strong capital flight.
Ether’s inability to break higher comes as large holders reportedly sold around $3 billion in ETH since Aug. 10. Decentralized exchange trading volume has also contracted by about 42% over recent months, while a negative Premium Index has pointed to weak demand from US-based buyers.
4-hour chart puts $1,909 and $1,870 in focus
The 4-hour chart shows a more immediate battle between Supertrend resistance at $1,908.59 and support at $1,869.92. Ether briefly traded above $1,905 but had not secured a candle close over the upper Supertrend level at the time of the chart.
A confirmed move above $1,909 would weaken the short-term bearish signal and bring $1,920 into view. ETH has repeatedly struggled between $1,915 and $1,930, making that area the first meaningful test for buyers.
The Stochastic RSI has also turned lower after approaching overbought territory. Its two lines stood at 46.26 and 57.38, with the faster line below the slower one. The crossover shows that short-term momentum cooled during the latest push toward resistance.
However, the oscillator remains near the center of its range rather than in oversold territory. Bulls could regain momentum without requiring a deeper reset if ETH holds above $1,890 and breaks through $1,909.
Failure to clear the Supertrend barrier would keep the price exposed to $1,890, followed by the $1,870 support line. A 4-hour close below $1,870 would weaken the sequence of higher lows and shift attention toward $1,850.
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