Ethereum Price Predicted to Break Through Key Resistance Zone

Crypto analyst Daan Crypto Trades notes that Ethereum has been experiencing an unusually long period of low volatility, with prices bouncing within a tight range for over a month.

This kind of flat action is unusual and doesn't usually last forever, suggesting that a larger price move could be imminent.

The ETH price is currently holding above the 100-period SMA at $1,886.30, with key resistance zones at $2,068.90-$2,100 and $2,219.97 on the horizon.

Network activity remains high, but ETF outflows and competition from other Layer-1 networks pose risks to Ethereum's recovery.