Ethereum Price Analysis: ETH Holds Key Support but Bullish Momentum Fades

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Ethereum continues to trade within a critical technical area after recovering from its June lows. On the daily chart, ETH remains below both the 100-day and 200-day moving averages, with the recent rally stalling near the $1,950 level and pushing price back toward the $1,880 to $1,910 resistance zone. The key support zone to watch stands between $1,750 and $1,790, while a breakdown below this level would expose the major demand area toward $1,560-$1,640. Sentiment analysis reveals a concentration of liquidity above the current price around $2,000 and another cluster below the market at $1,820, suggesting volatile moves before a decisive breakout.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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