Ethereum Price Consolidation: Will ETH Break Above $2K or Revisit $1.8K?

Ethereum has been consolidating around $1.9K after recovering from its June and July lows, but still faces resistance levels that could impact its price action.

The daily chart shows ETH trading between a $1.8K support zone and a $2.1K resistance area, which would require breaking past both the 100-day and 200-day moving averages to achieve a new uptrend.

However, the asset has made significant progress in pushing its price above the 100-day moving average, with momentum stabilizing around $1.85K.

The 4-hour chart indicates a more constructive short-term picture, with ETH consolidating within an ascending channel and repeatedly reacting to the $1.8K area and attempts to approach the $1.96K resistance zone.