Ethereum Price Teeters at $1,935 Resistance Level

At $1,902.75, Ethereum (ETH) is technically perched above its short-term moving averages, but that's where the clean bullish narrative ends.

The MACD histogram has flatlined at zero, indicating a lack of upside momentum and buyers before finding conviction to sell.

The 200-day SMA at $2,005 is the elephant in the room that every chart should be focused on. ETH hasn't reclaimed it yet, making the intermediate-term trend structurally bearish regardless of the noise below.