According to CoinMeta, the price of Ethereum (ETH) rose by nearly 2% on August 17, returning to $1900, and the current trading price is $1912, with a daily increase of 1.95%. During this period, (ETH) formed a series of higher lows, although repeated sell-offs in the $1930 to $1960 range prevented a more significant breakout. The daily candlestick chart of (ETH) closed above several key moving averages; the 20-day simple moving average is $1889, while the 100-day and 50-day moving averages are $1869 and $1845, respectively. Analysts (Micha, van, de, Poppe) indicated that Ethereum's daily chart is improving, with the asset continuously forming higher highs and lows.