Ethereum has rebounded from its local bottom and is currently testing a major resistance zone between $1.88K and $1.91K, while the 100-day moving average sits near $1.95K. As long as the price holds above the support between $1.76K and $1.82K, buyers retain the short-term advantage. A break below this level would expose the next support between $1.55K and $1.64K. On the 4-hour chart, ETH has slipped below the ascending trendline, signaling weakening bullish momentum. Binance liquidity heatmap reveals a significant concentration around $1.5K, representing a downside risk if momentum is lost.
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