Ethereum's rebound has run into a confluence of resistance between $1.88K and $1.91K, with the declining 100-day moving average just overhead near $1.95K. On the 4-hour chart the price has slipped below the ascending trendline that guided the July recovery, while a one-month Binance liquidation heatmap shows a substantial concentration of liquidity around $1.5K.
Ethereum's rebound from its local bottom has reached a decision point. The $1.88K to $1.91K supply zone is acting as the first resistance. The declining 100-day moving average sits just overhead near the $1.95K area.
The daily chart holds above the broken trendline
ETH is holding above the previously broken descending trendline, which confirms that the medium-term structure has improved compared to the aggressive selloff seen in June. Following the breakout, the market has established a sequence of higher highs and higher lows while consolidating above the $1.76K to $1.82K support region.
However, that overhead confluence could cap the current rally before ETH attempts to challenge the broader long-term supply zone between roughly $2K and $2.15K. Buyers keep the short-term advantage as long as price stays above the $1.76K to $1.82K support; losing that area would expose the next support around $1.55K to $1.64K and weaken the current bullish structure.
Momentum weakens on the 4-hour timeframe
Ethereum has slipped slightly below the ascending trendline that had guided the recovery throughout July. The break is not yet decisive, but it signals that bullish momentum is beginning to weaken as the price trades inside the $1.88K to $1.91K supply zone. That structure suggests buyers are losing some control after failing to extend the recent rally.
If ETH remains below the broken trendline, the move could evolve into a deeper retracement toward the notable demand zone around $1.76K to $1.79K, where buyers would be expected to step in. Reclaiming the trendline and securing a breakout above the $1.88K to $1.91K resistance would instead invalidate the short-term weakness and increase the probability of another push toward the $1.95K to $2K region.
Liquidity clusters near $1.5K
The one-month Binance ETH liquidation heatmap shows a substantial concentration of liquidity around the $1.5K level. Ethereum currently trades well above that region, yet the cluster remains an important magnet from a derivatives perspective.
But if the current rally loses momentum and sellers regain control, a deeper correction toward the $1.5K liquidity pocket could attract price as leveraged long positions are unwound. Such a move would likely coincide with a break below the key technical supports visible on the chart.
Until then the structure remains constructive, though the presence of this large liquidity cluster highlights that downside risk has not completely disappeared despite the recent recovery.
Source: CryptoPotato
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