Ethereum Price Stuck in Range-Bound Motion Ahead of Key Resistance

Ethereum's price is currently stuck in a range-bound motion below its key resistance area at $1,900. The recent recovery has kept the bullish structure intact, but buyers need to clear this zone for further gains. On the 4-hour chart, the structure shows higher lows, indicating that buyers are slowly stepping in.

A breakout above the $1,945, $1,950 area could push Ethereum's price towards $2,000. However, if ETH is rejected before clearing resistance, the focus shifts to the long liquidation area around $1,875, $1,885, which could act as the next downside zone.

Short liquidation levels are building above the current price, starting at $1,920 and extending towards $1,945, $1,950. A push above $1,920 could trigger short liquidations and add momentum to the move towards the major resistance zone.