According to CoinMeta, on August 12th, the price of Ethereum rebounded from $1,850 to above $1,900, benefiting from improved inflation data in the United States and a resurgence in risk appetite. Buyers re-entered the market near key support levels. As of the time of writing, Ethereum was trading at around $1,916, with a intraday low of $1,880 and a high of $1,918. As inflation data cooled down, demand for risky assets increased. Although Ethereum has not yet confirmed a break through of the resistance range between $1,925 and $1,950, trading volume rose by 35% during that period.