ETH Price Holds Ground at Key Resistance Zone

Ethereum's price has seen significant gains since July, rising nearly 25% to add over $400 to its value in less than a month. The rebound from the $1,500 support zone restored bullish sentiment across the market, with buyers consistently defending higher lows throughout the ongoing uptrend.

The daily chart shows a series of higher highs and higher lows, indicating growing buying interest and improving market sentiment. This pattern is reinforced by an ascending trendline that continues to support the recovery, with Ethereum respecting this trendline during recent pullbacks.

Despite the bullish momentum, some caution is warranted as the Relative Strength Index (RSI) remains above the neutral range without entering overbought territory. Meanwhile, the Cumulative Volume Delta (CVD) is relatively weak, suggesting that aggressive buying has yet to fully support the recent price recovery.