ETH remains below the long-term resistance zone between $2K and $2.15K, where the 100-day moving average continues to reinforce selling pressure. The current support sits in the $1.88K to $1.91K range, a first line of defense for buyers, while a breakdown would target $1.75K-$1.8K then $1.56K-$1.65K. On the 4-hour chart, the price is consolidating within a narrowing range between an ascending trendline and a descending trendline, signaling increased market indecision. Sentiment data shows growing activity from large spot orders near yearly lows, behavior more consistent with accumulation than aggressive distribution.
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