Ethereum Price Stalls at Resistance: What's Next for Ethereum's Future?

Ethereum's recent price action has paused after a recovery, with the asset consolidating beneath a key resistance area while still holding above higher lows. The current structure suggests that the market is approaching an inflection point where the next breakout or breakdown could determine the short-term direction.

On the daily timeframe, Ethereum remains below the long-term resistance zone between $2K and $2.15K, with the 100-day moving average continuing to reinforce selling pressure. Although buyers managed to recover strongly from the June lows, the latest rejection near the 100-day MA highlights that the broader bearish structure has not yet been invalidated.

The recent pullback has brought the asset back into the $1.88K to $1.91K support zone, which now serves as the first line of defense for buyers. Holding above this area could allow another attempt toward the $2K to $2.15K resistance region, while losing it would expose the next demand zone around $1.75K to $1.8K.