Ethereum Price Breaks Above $1,900 Amid Improved Momentum

Ethereum's price rose nearly 2% on August 17 as it reclaimed $1,900, improving daily momentum and nearby short-liquidation clusters.

The recovery extended a consolidation phase that has developed since Ethereum rebounded from its late-June low near $1,530. Price has since formed a series of higher lows, although repeated selling around $1,930-$1,960 has prevented a wider breakout.

Ethereum's daily candle closed above several closely watched averages, including the 20-day simple moving average at $1,889 and the 100-day and 50-day averages positioned at $1,869 and $1,845 respectively. Holding above those lines would preserve the improving short-term structure.