Ethereum price breakout risks pullback with RSI at 86

cryptonews08-21 19:30

Ethereum price climbed 3% to about $2,397 on Aug. 21 after reaching an intraday high near $2,448, extending a breakout driven by ETF inflows, short liquidations and stronger risk appetite. Summary ...

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However, the daily chart showed that ETH had moved far outside its previous trading range. The price was trading about 5.5% above the upper Bollinger Band at $2,272, while the indicator’s middle band remained near $1,957.The ETF purchases arrived as Ethereum broke above $2,000, forcing traders with leveraged short positions to close their bets. CoinGlass data cited by Invezz showed that more than $1 billion in Ether shorts were liquidated during the initial breakout, contributing to a wider crypto liquidation ","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETHA":"以太坊ETF-iShares","GDLC":"Grayscale CoinDesk Crypto 5 ETF","QETH":"以太坊ETF-Invesco Galaxy","BESO":"GSR Crypto Core3 ETF","ETHB":"Ishares Staked Ethereum Trust ETF","YETH":"Roundhill Ether Covered Call Strategy ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","CETH":"以太坊ETF-21Shares","EETH":"以太币期货ETF-ProShares","09179":"嘉实以太币-U","EZET":"以太坊ETF-Franklin","RSI":"Rush Street Interactive, Inc.","ETHD":"ProShares UltraShort Ether ETF","BETH":"比特币&以太币期货ETF-ProShares","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","NEHI":"NEOS Ethereum High Income ETF","ODDS":"Pacer BlueStar Digital Entertainment ETF","EHCC":"Global X Ethereum Covered Call ETF","ETHE":"最大以太坊ETF-Grayscale","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","ODDZ":"Corgi Sports Betting & Gambling ETF","BTF":"比特币&以太币期货ETF-CoinShares","BITQ":"Bitwise Crypto Industry Innovators ETF","09046":"华夏以太币-U","03046":"华夏以太币","SETH":"1倍做空以太币期货ETF-Proshares","ETTY":"Amplify Ethereum 3% Monthly Option Income Etf","ETCO":"Grayscale Ethereum Covered Call ETF","03009":"博时以太币","EHY":"Amplify Ethereum Max Income Covered Call ETF","ETHT":"ProShares Ultra Ether ETF","BKCH":"AdvisorShares Sabretooth ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF","STCE":"Schwab Crypto Thematic ETF","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","ETHU":"2倍以太币期货ETF-Volatility Shares","BITW":"Bitwise 10 Crypto Index ETF","AETH":"以太坊策略ETF-Bitwise","ARKY":"ARK Active Autocallable Income ETF","ETHV":"以太坊ETF-VanEck","09009":"博时以太币-U","ETHW":"以太坊ETF-Bitwise","03179":"嘉实以太币","ETH":"低成本以太坊ETF-Grayscale","FETH":"以太币ETF-Fidelity","IETH":"Bitwise Ethereum Option Income Strategy ETF"},"translate_title":"以太币价格突破面临回调风险，RSI 为 86","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EHY":1.5,"EZET":1.5,"NEHI":1.5,"BEGS":1.5,"ETHV":1.5,"CRPT":1.5,"ETHU":1.5,"ETHA":1.5,"09009":1.5,"03179":0.9,"IETH":1.5,"ETH":1.5,"ODDZ":0.6,"BITW":1.5,"ODDS":0.6,"ETHT":1.5,"NCIQ":0.9,"ETHB":1.5,"BKCH":1.5,"ETCO":0.6,"RSI":1.5,"03009":0.9,"EHCC":1.5,"GDLC":1.5,"YETH":1.5,"09046":1.5,"QETH":1.5,"ETHE":1.5,"METHmain":1.5,"03046":0.9,"ETTY":1.5,"SETH":1.5,"BETE":1.5,"BITQ":1.5,"ETHW":1.5,"ETU":1.5,"ETHD":1.5,"ARKY":1.5,"CETH":1.5,"EETH":1.5,"LFGY":1.5,"FETH":1.5,"STCE":1.5,"BETH":1.5,"AETH":1.5,"BTF":1.5,"09179":1.5,"BESO":1.5},"content_text":"Ethereum price climbed 3% to about $2,397 on Aug. 21 after reaching an intraday high near $2,448, extending a breakout driven by ETF inflows, short liquidations and stronger risk appetite.\n\n\nSummary\n\n\n\nEthereum price reached $2,448 after gaining more than 20% over the past week.\nUS spot Ether ETFs attracted $189 million on Aug. 19, their largest inflow since October.\nThe daily RSI reached 86, placing ETH deep inside overbought territory.\nA weekly close above $2,450 could expose the $2,500 and $3,000 levels.\n\n\n\nEthereum price action today\nAccording to data from crypto.news, Ethereum (ETH) price opened at $2,327 on Aug. 21 before climbing to $2,448 and settling near $2,397 at the time of writing. The 3% daily increase followed a much larger move that carried ETH from below $2,000 to more than $2,300 within two sessions.\nThe rally pushed Ethereum through several levels that had limited gains since April, including the $2,000 psychological barrier and the $2,250 resistance area. ETH also cleared the $2,375 Murrey Math level on the 4-hour chart, although the price was struggling to hold above it after its rejection near $2,450.\nEthereum price 4-hour chart — Aug. 21 | Source: crypto.news\nMomentum remained strong on the shorter timeframe. The 4-hour Awesome Oscillator rose to 329.16 and printed an expanding series of green bars, indicating that upward momentum had not yet weakened meaningfully.\nHowever, the daily chart showed that ETH had moved far outside its previous trading range. The price was trading about 5.5% above the upper Bollinger Band at $2,272, while the indicator’s middle band remained near $1,957.\nWhat is driving the Ethereum rally?\nUS spot Ether ETFs recorded $189 million in net inflows on Aug. 19, their strongest daily intake since October 2025, according to SoSoValue data. BlackRock’s ETHA accounted for about $122 million of that total.\nThe ETF purchases arrived as Ethereum broke above $2,000, forcing traders with leveraged short positions to close their bets. CoinGlass data cited by Invezz showed that more than $1 billion in Ether shorts were liquidated during the initial breakout, contributing to a wider crypto liquidation event that exceeded $3 billion.\nThe supplied one-week CoinGlass heatmap shows how ETH moved rapidly through liquidation clusters between $1,900 and $2,300. Forced purchases associated with short liquidations likely added to the speed of the advance, although the breakout also coincided with new spot demand from US-listed funds.\nEthereum liquidation chart | Source: CoinGlass\nMacro conditions provided another catalyst after the US Treasury announced that it would at least double the maximum size of buybacks for longer-dated nominal securities from $2 billion to $4 billion per operation. The change will begin on Sept. 9 and remain in place through Nov. 4.\nInvestors interpreted the announcement as support for bond-market liquidity. Treasury yields and the US dollar subsequently weakened, helping Bitcoin, Ethereum, and other risk assets extend their gains.\nEthereum faces overbought signals below $2,500\nEthereum’s immediate resistance sits between $2,448 and $2,500. The lower boundary marked the Aug. 21 intraday high, while the Murrey Math chart identifies $2,500 as the next major resistance level.\nA sustained break above $2,500 could expose $2,625, followed by $2,750. The chart places stronger reversal risk near $2,875, although ETH would need additional demand to reach those levels after such a steep move.\nDaily momentum presents the main short-term risk. Ethereum’s 14-day relative strength index jumped to 86.12, well above the 70 level commonly associated with overbought conditions. The reading does not guarantee a reversal, but it shows that prices have advanced much faster than their recent trend.\nEthereum price daily chart — Aug. 21 | Source: crypto.news\nThe CoinGlass heatmap identifies nearby liquidation concentrations between approximately $2,270 and $2,350. A failure to clear $2,450 could therefore send ETH back toward $2,375, followed by the $2,300–$2,250 area.\nThe $2,000 level remains the larger breakout support. The daily Bollinger Band midpoint near $1,957 and a dense heatmap cluster around $1,990 strengthen that zone, although a decline that deep would erase much of the latest advance.\nAnalysts watch the $2,450 weekly close\nCrypto analyst Ted Pillows identified $2,450 as Ethereum’s next resistance zone. He said a weekly close above that area could open a move toward $3,000, making the upcoming close important for confirming whether the breakout can continue.\nMarket analyst Rain said ETH gained 17.1% during the initial daily surge and pushed its weekly advance beyond 20% after clearing resistance between $1,980 and $2,000. Rain also reported that 30-day realized volatility rose from 39.6 to 62.6 in one day, showing how quickly the earlier compression ended.\n\nEthereum just delivered one of its sharpest moves of the year.But the breakout is only the first part of the story.$ETH surged 17.1% in a single day and has since pushed above $2,370, taking its weekly gain beyond 20%.The move followed weeks of tightening consolidation,… pic.twitter.com/dbWq01KK7Y— Rain (@raintures) August 21, 2026\n\nRain said Ethereum must now prove that $2,000 can function as support. Holding well above that level would preserve the new market structure, while a deeper reversal would suggest that liquidations contributed more to the move than sustained spot demand.\nUS regulation adds to Ethereum’s market catalyst\nThe rally also followed the SEC’s Regulation Crypto Assets proposal, published on Aug. 18. The proposed framework would introduce tailored registration exemptions for certain investment contracts involving crypto assets, including fundraising exemptions of up to $75 million annually.\nThe proposal has not become law and does not change Ethereum’s regulatory status immediately. However, the SEC said it aims to give crypto issuers clearer pathways under federal securities laws, adding to the improved regulatory backdrop for US investors.\nEthereum’s next move now depends on whether ETF demand and spot buying can absorb profit-taking near $2,450. A confirmed breakout would bring $2,500 into focus, while rejection could produce a cooling period toward $2,375 or $2,300 as the overbought daily RSI resets.\n\n\n  \n\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        \n\n\n\n\n\n\n                Read more:\n            \n\n                Tether abandons $120M Uruguay Bitcoin mining project after power dispute","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2661305260","isCrawlerRequest":true}