ETH Price Stalls at $2,000 Ceiling, Bulls Face Resistance

ETH is currently trading at $1,968 and has reached its Bollinger upper band of $1,990.58, indicating that it's sitting at a ceiling rather than approaching resistance.

The Stochastic oscillator is reading overbought at 93.80 on %K, which historically precedes either a fast flush or a consolidation grind.

Contrary to the bullish sentiment, the MACD histogram has flatlined, indicating that the easy money from this leg has already been made.

The short-term moving average stack is unambiguously bullish, but the 200-day SMA sitting at $2,135 remains a significant barrier for ETH, which is still roughly $167 below it.