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Ethereum holds key support near $1,750; whale buys $170M ETH amid ETF outflows and CPI watch.

Technical Signals
12 Aug 2026
Blockonomi
View Source
Neutral
Ethereum holds key support near $1,750; whale buys $170M ETH amid ETF outflows and CPI watch.

Ethereum is defending a critical support range between $1,720 and $1,780, which is vital for maintaining bullish momentum. A strong breakout above $1,875 could push ETH toward $2,200, but losing support may lead to further declines. A major whale has accumulated about $170 million in ETH recently, staking a large portion, signaling confidence in the asset's long-term outlook. However, rising sell pressure and $14.59 million in ETF outflows on August 10th reflect caution ahead of the U.S. Consumer Price Index report, which could significantly influence Ethereum's near-term price direction.

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