Ethereum Reclaims $1,900 as ETF Inflows Bolster Recovery

The digital asset traded at $1,918.26 on Friday, extending a recovery from the $1,850 support zone that buyers have defended throughout early August. Current price action has pushed Ethereum above its 20-day, 50-day, and 100-day moving averages, signaling a shift in short-term momentum. Despite this, the token remains beneath its 200-day moving average of $2,061.80, a hurdle that continues to cap the broader recovery from April highs.

Institutional interest remains a critical driver, with US-listed spot Ethereum ETFs recording $92.15 million in net inflows on August 6 alone. This capital influx complements a cooling US labor market, where private employers added 44,000 jobs in July—falling short of expectations and potentially softening the outlook for Federal Reserve rate hikes. While the 4-hour Relative Strength Index at 61.74 suggests room for further growth before reaching overbought levels, the path to $2,000 remains contested. Liquidity clusters near $1,950 serve as potential magnets for price action, though a failure to sustain the $1,900 floor could invite a retest of the $1,850 support level.