Ethereum Price Surges to $1,900 on Softer U.S. Inflation Data

Ethereum's price surged by about 3% on August 12 to surpass $1,900, driven by softer U.S. inflation data that boosted risk appetite.

The price reclaiming key moving averages signals a short-term recovery, but Ethereum still faces resistance near $1,925 and a liquidation cluster around $1,950.

A confirmed breakout above these levels could push Ethereum toward $2,000 and beyond, while a drop below $1,887 could weaken the bullish setup.