Ethereum Price Analysis: Can ETH Break Above Key Resistance at $1.95K?

Ethereum (ETH) is attempting to stabilize around $1.9K after its recent recovery, but the broader technical picture remains constrained by major overhead resistance.

The daily chart shows that ETH has recently pushed above a descending white trendline, which is a constructive development compared with the previous structure.

However, the breakout has yet to translate into strong upside momentum, and the asset is now confronting the declining 100-day moving average around $1.94K, as well as the larger $2.05K-$2.15K resistance zone.

The short-term bias has improved on the 4-hour timeframe, but confirmation still depends on buyers successfully clearing the immediate resistance overhead at $1.95K-$1.98K.