- Ethereum’s price hovers near $1,900, with a breakout above $1,920 needed to push past $2,000 and shift momentum.
- Strong resistance at $2,128.11 and selling pressure near $2,560.82 could limit gains unless buyers step in with force.
- Failure to break resistance may send Ethereum toward $1,661.22, keeping bearish pressure in play and extending consolidation.
Ethereum’s price remains within a descending wedge, with key resistance and support levels shaping its movement. The market is consolidating as traders watch for breakout signals and potential trend shifts.
Technical Structure and Breakout Scenarios
Daan Crypto Trades identifies a falling wedge on Ethereum’s 1-hour time frame, showing repeated rejections at the upper trendline while the lower boundary holds as support. The price is testing resistance between $1,900 and $1,920 after rebounding from a low of $1,826.
He confirms that higher lows indicate a possible breakout, and clearing this level could push prices beyond $2,000. Sustained buying pressure is crucial for confirming an upward trend.
Daan Crypto Trades explains that Ethereum needs to maintain movement above resistance with strong volume to confirm a breakout. Dan shows that If rejected, the price could consolidate further or drop toward the wedge’s lower boundary.
Bearish Sentiment and Key Resistance Zones
Wealthmanagerrr analyzes Ethereum’s 4-hour chart and points to persistent bearish sentiment, with strong resistance at $2,128.11. Previous sell-offs reinforced this level, and a larger supply zone extends to $2,560.82, where selling pressure remains high. The market is moving sideways near $1,900, reflecting uncertainty. If Ethereum fails to break resistance, it could decline toward lower support at $1,661.22.
Wealthmanagerrr states that Ethereum’s market structure will remain bearish unless a breakout above $2,128.11 occurs with significant momentum. According to Wealthmanagerrr if the price fails to reclaim this level, further selling pressure could follow. Traders are monitoring price action closely for confirmation signals that will determine Ethereum’s short-term direction.
Market experts note that Ethereum’s next move depends on whether it can hold above key resistance. They project that a strong breakout could shift sentiment toward higher targets, while rejection could lead to extended consolidation or further declines.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.