Ethereum Price Analysis: ETH Holds Key Support but Bullish Momentum Fades
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Ethereum is trading in a critical technical area after recovering from June lows, but remains below the 100-day and 200-day moving averages with the recent rally stalling just under the 100-day MA near $1.95K. Sellers pushed price back into the $1.88K-$1.91K supply zone and momentum is fading as buyers and sellers battle beneath major resistance, suggesting a cautious outlook for crypto, DeFi and DEX activity.
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Ethereum continues to trade within a critical technical area after recovering sharply from its June lows. While the broader rebound remains intact, the latest price action suggests momentum is fading as buyers and sellers battle for control beneath major resistance.
Ethereum Price Analysis: The Daily Chart
On the daily timeframe, Ethereum remains below both the 100-day and 200-day moving averages, keeping the broader trend cautious despite the recovery from the June bottom. The recent rally stalled just below the 100-day MA near the $1.95K region, where sellers quickly stepped in and pushed the price back toward the $1.88K to $1.91K supply zone.
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