Ethereum Stalled Near $1,875 Despite Ongoing ETF Inflows

ETF inflows provide steady institutional demand yet technical and derivatives readings are weak, making the $1,850 level decisive.

Overview

On Saturday, Aug. 15, ETH was trading around $1,875 after repeated rejections near the $1,900–$1,920 area, leaving the token range-bound.
U.S. spot Ethereum ETFs registered $245 million in net inflows for the week of Aug. 3–7, the fifth straight positive week with BlackRock’s ETHA supplying the bulk of the flows.
Key technical measures show neutral to weak momentum with the 14-day RSI near 49.7 and price below the 20- and 50-day moving averages, and open interest fell to 13.3 million ETH before a modest bounce.
Derivatives data point to fragile leveraged positioning with roughly $26.9 million in liquidations over 24 hours, concentrated upside liquidity near $1,925–$1,950 and downside clusters around $1,835–$1,860.
Analysts say $1,850 is a must-hold support that, if lost, could expose a move toward $1,700 while failure to clear the upper liquidity band would keep ETH trapped between roughly $1,750 and $2,100.