Ethereum price rebounds as bulls target $1,960 breakout

Ethereum price climbed nearly 2% on Aug. 17, rebounding from the $1,872 area as buyers defended short-term support and pushed ETH above $1,900. Summary Ethereum price rose to an intraday high near $1,912 after opening around $1,876. A whale transferred 32,400 ETH, worth $61.46 million, into Ethereum’s staking contract. 4-hour momentum improved, but the daily chart still places ETH below its 200-day moving average. Liquidity clusters at $1,925 and $1,950 could shape Ethereum’s next move. Ethereum price action today According to data from crypto.news, Ethereum (ETH) price traded at approximately $1,908 at the time of writing, up 1.7% on the day. The token had moved between an intraday low of $1,872 and a high of $1,912, according to the Binance daily chart. The recovery accelerated after ETH reclaimed the $1,890 area, which had limited price advances during the previous three sessions. Buyers then pushed the token through $1,900, although the move had not produced a confirmed break from its wider August range. Ethereum has traded mostly between $1,850 and $1,960 since late July. Several attempts to clear the upper end of that range have failed, while pullbacks toward $1,850–$1,870 ha...