Ethereum Eyes Breakthrough Past $2,000 Resistance

Ethereum (ETH) is showing signs of recovery as it trades just below $1,900. The cryptocurrency aims to break through the $2,000 resistance level and has formed higher lows since rebounding from June lows.

Despite failing to sustain a breakout above the 100-day Exponential Moving Average (EMA) near $1,930, Ethereum remains above its 20-day EMA at $1,845. This indicates that buyers are absorbing selling pressure.

A close above the 100-day EMA could lead to a move toward $2,000, with the 200-day EMA at $2,175 as the next major resistance level for Ethereum.