On August 10, 2026, ETH futures repeatedly traded around $1,920, with a weak short-term bias, showing a typical range-bound pattern of “tracking BTC but weaker.” After testing key resistance, the price pulled back, with bullish momentum clearly lacking.
📊 Key Levels in the Long-Short Battle
· Current price: Approximately $1,911 - $1,917. After a brief surge driven by positive nonfarm payrolls news, the price came under pressure and pulled back, showing weak consolidation.
· Strong resistance above: $1,925 - $1,940 is the core “ceiling.” After surging to $1,937 over the weekend, the price quickly pulled back, with heavy selling pressure concentrated in this area, including the upper Bollinger Band. Only a move above this zone would open the way toward $1,950 - $1,980.
· Key support below: $1,900 is the first psychological defense; $1,880 - $1,890 is the current core lifeline for the bulls. If breached, support below lies at $1,850 - $1,855 and even $1,830.
📉 Futures Market Signals (Contradictions Intensifying)
· Extremely low funding rates: Funding rates on major platforms are only approximately +0.0013%, with holding costs virtually zero, indicating that both bulls and bears are highly cautious.
· Liquidation data favors shorts: Within 24 hours, short liquidations (approximately $40.09 million) far exceeded long liquidations (approximately $8.93 million), indicating that more short positions exited after hitting stop-losses in the short term. However, the ETH/BTC exchange rate remains under pressure, making it difficult to call the market strong.
· Prominent correlation risk: The current trend is highly correlated with BTC, while its volatility beta is also higher. Before Wednesday’s CPI release, the market is highly likely to remain range-bound, and volatility may expand.
💎 Summary
ETH is currently in a “range-bound, sell rallies and buy dips” pattern. $1,925 - $1,940 is the key area for judging whether the short-term trend is turning stronger, while $1,880 - $1,900 is the bulls’ bottom line. Before the CPI data is released, it is advisable to approach the market with a range-trading strategy: a rebound toward $1,925 - $1,935 could offer an opportunity to cautiously open a small short position, with an initial target of $1,900; if the price pulls back to around $1,890 and stabilizes, a short-term long position could be considered, but strict stop-losses must be used. #股票交易分享挑战 $ETH