- The price of Ethereum was trading around $1916 and above important moving averages amid bullish defense of support levels.
- Pascal Caversaccio was appointed by the Ethereum Foundation and its attention shifted towards privacy and protocol security.
- Open interest was trading close to the middle point of $20 billion and there were liquidations worth $55.78 million.
Ethereum’s price was trading near the $1,916 level during the technical pattern, derivatives, and governance analysis of Ethereum Foundation.
Despite the consolidation of the crypto on the four-hour chart, technical indicators indicated that buyers were accumulating the coin at a higher level.
Ethereum Price Holds Above Technical Support
Ethereum traded at approximately $1,916.56, down 0.08% over the previous 24 hours. Market capitalization stood at $231.29 billion, while 24-hour trading volume reached $11.31 billion.
On the four-hour Bitstamp chart, Ethereum traded between $1,916 and $1,918. The price moved in a defined range, with the support level around $1,855.8 and the resistance level around $1,980. The recent candlesticks indicated consolidation around $1,915, indicating that the buyers kept defending higher price levels.
The Bollinger Bands put the upper level at around $1,959.6 and the lower level at around $1,861.6. At the same time, the Relative Strength Index (RSI) was at 53.59 with the moving average at 49.85, reflecting neutral momentum with a slightly bullish bias.
Technical Key Levels
- Support levels include $1,907, $1,887,
- Resistance is identified around $1,938.6, $1,959.6, $1,961.1, and $1,980.
- RSI remains above 50 while price continues trading near the middle Bollinger Band.
Ethereum Price Remains Above Major Moving Averages
Additional technical indicators showed Ethereum trading above the 20 EMA ($1,905.5), 50 EMA ($1,898.6), 100 EMA ($1,875.0), and 200 EMA ($1,840.6) on the four-hour timeframe.
Fibonacci retracement levels placed immediate support at the 0.382 level of $1,907.0, followed by $1,887. Resistance appeared near the 0.618 retracement at $1,938.6 and the 0.786 retracement at $1,961.1.
Source: Trading View
The latest candles remained above the short-term moving averages throughout the observed session. Beyond $1,922.8 will have a spotlight on higher Fibonacci resistances, while below $1,907 will have a spotlight on lower support areas.
Derivatives Participation Still High
The derivatives activity for Ethereum was still high despite lower open interest than prior market tops.
The open interest settled near the mid-$20 billion area despite prior readings above $60 billion. Despite the decline of the outstanding contracts from prior peaks, there was still sizable leveraged exposure among traders.
Binance ETH/USDT long-short ratio was at 2.0989, and OKX ETH long-short ratio was at 1.44. Binance largest trader ratios were at 1.6055 and 1.3905, respectively.
Liquidation data recorded $55.78 million during the previous 24 hours, including $33.78 million in long liquidations and $22.00 million in short liquidations. During the last four hours, liquidations totaled $2.15 million.
Derivatives Snapshot
- Open interest remains around the mid-$20 billion level.
- Binance and OKX long-short ratios continue to favor long positions.
- Twenty-four-hour liquidations totaled $55.78 million.
Ethereum Foundation Adds Security Researcher to Board
The Ethereum Foundation appointed Pascal Caversaccio, known as “pcaversaccio,” to its board for an initial one-year voluntary term.
Caversaccio is a co-founder and lead of the crypto security response group SEAL 911. He joins Foundation President Aya Miyaguchi, Ethereum co-founder Vitalik Buterin, and Swiss counsel Patrick Storchenegger on the four-member board.
The Foundation said Caversaccio is also a member of the Silviculture Society, an advisory group focused on censorship resistance, open-source development, privacy, and security. He authored The Ethereum Cypherpunk Manifesto in 2024 and Ethereum Privacy: The Road to Self-Sovereignty in 2025.
According to the Foundation, the board oversees its long-term vision and ensures management decisions remain aligned with its mission as a Swiss foundation.
The appointment follows the organization’s June statement describing privacy and security as “non-negotiable protocol guarantees.” The Foundation also said its protocol team would continue translating research on layer-1 privacy and post-quantum security into protocol upgrades.
FAQs
Why is Ethereum Price consolidating near $1,915?
The Ethereum Price is currently within a trading range from $1,855.8 support to $1,980 resistance level, although staying above important moving averages.
What can be deduced from the open interest data?
Open interest is still within the mid-$20 billion mark, indicating that traders are still keeping their derivatives positions even if below highs.
Who is Pascal Caversaccio?
Pascal Caversaccio is a security researcher and co-founder of SEAL 911, as well as a long-time Ethereum developer who has now become part of the board of directors of the Ethereum Foundation for a year-long volunteer term.
