Ethereum Stuck Between $1.8K and $2.1K Resistance

Ethereum has been trading around $1.9K after its sharp recovery from June and July lows, but still faces significant resistance.

The daily chart shows ETH stuck between $1.8K support zone and $2.1K resistance area, with the latter being a crucial level to break past 100-day and 200-day moving averages.

ETH's recovery has pushed the asset above a long-term descending channel trendline, but the broader trend is still unclear, as the 200-day moving average remains above $2K.

The price has recently broken the 100-day moving average, which is near $1.85K, and momentum has stabilized, suggesting that ETH is finding support to attack the $2K area.