Ethereum Price Analysis: ETH Reaches Its Biggest Obstacle on the Road to $2K

Ethereum has continued its recovery from the June lows and is now approaching a major technical inflection point. While the recent rally has improved short-term sentiment, the asset is still trading beneath a confluence of long-term resistance levels.

Interestingly, the liquidation landscape aligns closely with these technical barriers, suggesting that ETH could first target overhead liquidity before the market decides whether a larger trend reversal is underway or another corrective leg lower remains ahead.