ETH Price Stuck Beneath Key Resistance Zone

Ethereum's recent recovery from its June lows has been met with resistance at the $2,000-$2,150 key zone, causing the price to compress and hold higher lows. This compression is a sign that the market is approaching an inflection point where a breakout or breakdown could determine the short-term direction.

The 100-day moving average continues to reinforce selling pressure, with ETH remaining below this long-term resistance zone. The rejection near the 100-day MA highlights that the broader bearish structure has not yet been invalidated.