Ethereum is trading around $1,920 and attempting to stabilize after a recent rebound, having broken above a descending trendline that had acted as dynamic resistance during the broader decline. The cryptocurrency is now confronting the 100-day moving average around $1,940, with a major resistance zone between $2,050 and $2,150 sitting directly above. On the 4-hour chart, ETH has formed a sequence of higher lows since the August bottom and faces immediate resistance between $1,950 and $1,980, a level that previously triggered a sharp rejection in late July. Positive but declining funding rates, down from 0.01 in June to 0.006 currently, suggest price recovery without a corresponding increase in leveraged-long enthusiasm, which could provide a healthier backdrop for any upside. A sustained move above $1,940 would strengthen the case for an advance toward $2,000, while rejection would expose the $1,800-$1,840 support zone.
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