Ethereum Struggles Below $1,948 Resistance Zone

The Ethereum price remains stuck below the $1,948 resistance zone, struggling to gain momentum after several attempts to push higher.

The Relative Strength Index (RSI) is hovering around the 50 level, indicating a loss of momentum rather than an acceleration in buying activity.

This suggests that buyers are still unable to build enough strength to break above resistance, leaving ETH under pressure and potentially bringing $1,837 support back into focus if another rejection occurs.

However, the rise in active addresses on the Ethereum network provides a positive fundamental signal, suggesting that more users are interacting with the network despite the price stagnation.