Ethereum price trapped below $1,920, is $2,000 next?

Ethereum price traded near $1,905 on Aug. 18 as tightening daily and 4-hour ranges placed the $1,920 resistance level at the center of its next major move. Summary Ethereum price has formed a symmetrical triangle between roughly $1,850 and $1,930. A 4-hour close above $1,909 could expose the stronger $1,920 resistance level. Liquidation clusters are concentrated near $1,925–$1,930 and below $1,890. Analysts see $2,000 as the next target if Ether breaks its current range. Ethereum price tightens inside a symmetrical triangle According to data from crypto.news, Ethereum (ETH) price was trading at $1,904.89 after moving between an intraday low of $1,885.78 and a high of $1,914.38. The price was down about 0.5% on the day but remained inside the narrow range established since late July. Ether’s recent lower highs and higher lows have created a symmetrical triangle on the daily chart. The upper trendline has fallen from near $1,980 toward $1,920, while the lower boundary has risen from around $1,800 toward $1,880. Ethereum price daily chart — Aug. 18 | Source: crypto.news Price has now moved close to the triangle’s apex, where shrinking space between the two boundaries typically precede...