$ETH

🟢 Bullish scenario — my preferred setup

If M30/H1 closes above 1892 and then holds the area on a retest:

Entry idea: 1890–1895 retest
SL: 1878–1880
TP1: 1900
TP2: 1912–1915
TP3: 1925
TP4: 1935–1940
Extended: 1945–1950

The interesting part is that the upside liquidity around 1925 and especially 1940–1950 could make a confirmed breakout move much faster if shorts start getting liquidated.

⚠️ But don’t chase 1890 immediately

This is important.

ETH has repeatedly been rejected around $1,900 recently. A previous analysis noted that ETH had struggled to establish support above $1,900 despite several attempts.

So I would watch:

1890–1892 → breakout zone
1885–1888 → first retest zone
1878–1880 → deeper invalidation area

If price breaks 1890 and quickly falls back below 1885, I’d be suspicious of a fake breakout.

📰 News/fundamental picture

The backdrop is mixed but interesting.

Ethereum’s U.S. spot ETFs recorded about $245M of net inflows during Aug. 3–7, extending the positive streak to five consecutive weeks. BlackRock’s ETHA accounted for about $203M of that week’s inflows.

However, today’s market analysis still describes ETH as relatively flat around $1,884, with narrowing Bollinger Bands and weak momentum — essentially suggesting that a larger move may be approaching but direction still needs confirmation.

So the fundamentals aren’t giving us a clean “BUY NOW” signal. Price confirmation is still the key.

🎯 What I’d do now

Don’t short 1890 just because it was resistance.

We spent days watching 1861–1892.

Now that ETH is finally pushing the upper boundary, I’d rather see:

1892 break → hold → retest → continuation

If that happens, 1900 → 1912 → 1925 becomes my first bullish roadmap.

If ETH gets rejected and falls back under 1885, I’d stand aside and wait.

The breakout we’ve been waiting for may finally be starting — but the next 1–2 candles are extremely important. 👀🔥

Not financial advice. Breakouts can fail, especially around weekend liquidity.