Ethereum Price Analysis: ETH Shows Strong Signs of Revival but Key Hurdles Approach

Ethereum has recently shown a notable shift in short-term momentum, attracting renewed attention as it approaches a technically important area. While the broader structure remains corrective, recent price behaviour suggests that buyers are becoming more active near key technical levels.

Ethereum Price Analysis: The Daily Chart

On the daily timeframe, ETH has experienced a clear upside surge from the $2.7K demand zone, pushing the price toward a substantial resistance zone. This resistance is defined by the confluence of the 100-day moving average of $3.4K and the highlighted yellow supply area. Historically, this region has acted as a strong barrier, and the current approach into this zone increases the probability of a reaction or consolidation.