Ethereum Stalls at Key Resistance, Broad Trend Remains Cautious

Ethereum's price action has stalled in recent days as it struggles to break through key resistance levels. Despite recovering sharply from its June lows, the cryptocurrency remains below both the 100-day and 200-day moving averages.

The 100-day MA is particularly significant, with Ethereum's price stalling just below $1.95K. This has led to a loss of momentum as buyers and sellers battle for control beneath major resistance.

The current technical analysis suggests that the broader trend remains cautious despite the recovery from June lows. The recent rally may be losing steam as sellers push the price back toward the $1.88K-$1.91K supply zone.