Ethereum Consolidates Below Key Resistance Zone
The Ethereum price has been consolidating below a key resistance area around $1,900 after its recent recovery. On the 4-hour chart, the structure still shows a series of higher lows, indicating that buyers are slowly stepping in.
However, overall price action remains range-bound as both sides wait for a clear direction. The important level to watch is the $1,935, $1,945 zone, and if Ethereum manages to break above this area, it could open the door for a move above $2,000.
The recent recovery toward $1,900 keeps the bullish structure intact, but buyers need to clear the resistance zone for the next leg higher. A breakout above $1,945 could push Ethereum toward $1,950, while a break below the rising trendline could send the price back toward the $1,875, $1,885 support zone.
The liquidation map shows a concentration of short liquidation levels above the current price, starting around $1,920 and extending toward the $1,945, $1,950 area. This makes the zone important if Ethereum starts moving higher.