Ethereum Price Stuck at Key Resistance as Buyers Eye Breakout Above $1,945
Ethereum's price has been hovering around the $1,900 level after its recent recovery.
The structure on the 4-hour chart shows a series of higher lows, indicating that buyers are slowly stepping in, but overall price action remains range-bound as both sides wait for a clear direction.
The key resistance area to watch is the $1,935-$1,945 zone. If ETH manages to break above this area, it could open the door for a move above $2,000.
A breakout above $1,945 could push ETH toward $1,950, while a break below the rising trendline could send the price back toward the $1,875-$1,885 support zone.
The liquidation map shows a concentration of short liquidation levels above the current price, starting around $1,920 and extending toward the $1,945-$1,950 area. This makes the zone important if ETH starts moving higher.