Ethereum is trading around $1.9K on the daily timeframe, consolidating near the 100-day moving average. The market is trapped in a range, with liquidity accumulating at both extremes. The nearest resistance sits at $1.95K-$1.98K, while support is at $1.80K-$1.84K.
A range that keeps holding
On the 4-hour chart, ETH is oscillating between $1.80K-$1.84K demand and $1.95K-$1.98K resistance. The current price sits near the middle of that range at roughly $1.89K. An ascending trendline underneath recent price action remains intact and is acting as dynamic support. That trendline has been the difference between a pullback and a breakdown for the past several sessions.
On the daily chart, the consolidation around the 100-day moving average is doing what it usually does — squeezing volatility. The first major resistance zone above the current range is $2.06K-$2.15K, which would come into play if the $1.95K-$1.98K level breaks. But that's a secondary target; the immediate fight is at the range ceiling.
The wall at $1.95K-$1.98K
The $1.95K-$1.98K resistance zone has rejected the market multiple times. Each attempt to push higher has been met with selling, keeping ETH pinned below $2K. A successful breakout above that zone could allow ETH to extend toward $2K and above. But until that happens, the ceiling holds.
It's not just a technical level. The liquidation heatmap shows prominent liquidity above at $1.94K-$1.95K, overlapping with the resistance. That means there are a lot of short stops sitting just above the current price — fuel for a potential squeeze if buyers can push through.
Support and the trendline
The latest selloff tested the trendline around $1.86K-$1.87K before buyers stepped in. That's the dynamic support that's been holding the range together. A breakdown below the ascending trendline would place pressure on the $1.80K-$1.84K support zone. If that fails, there's a deeper support zone at $1.53K-$1.57K, though that's a longer way down.
Below the range, the heatmap also shows liquidity at $1.80K-$1.85K, aligning with the demand zone. So there are stop orders stacked at both extremes. That setup often leads to a squeeze in one direction — the question is which side gets triggered first.
Liquidity on both sides
The market is waiting for a close above $1.98K or a break of the trendline to pick a direction. Until then, expect more chop. The range is tight, but the liquidity is building. When it breaks, it could move fast.
