Key TakeawaysEthereum is defending a crucial support range from $1,720 to $1,780, essential for maintaining bullish momentum. One whale address has amassed 90,000 ETH totaling $170 million, with 50,000 ETH recently staked. Market participants view Wednesday’s U.S. Consumer Price Index report as a pivotal event for ETH’s direction. The metric experienced another surge on August 10th, corresponding with a 3% price decline that drove ETH from $1,920 down to $1,875. The exchange netflow metric for ETH registered another spike on August 10th, coinciding with the 3% price contraction.