Ethereum is struggling to push higher, trading below both its 100-day and 200-day moving averages. The recent rally ran out of steam just under the 100-day MA near $1.95K, and sellers have pushed the price back into the $1.88K-$1.91K supply zone. That area is now acting as immediate resistance, and the market is consolidating in a narrowing pattern.
Resistance at $1.88K-$1.91K holds firm
On the 4-hour chart, Ethereum is trapped inside a compression pattern between a rising white trendline and a descending yellow trendline. The price is hovering around the $1.88K-$1.91K resistance zone while respecting the ascending support line. A breakout above both the resistance zone and the descending trendline would likely strengthen bullish momentum. If that happens, the next target is the confluence of the 100-day and 200-day moving averages in the $2.02K-$2.15K area.
Support levels to watch on the downside
The first important support sits at $1.75K-$1.79K. Losing that demand zone would probably trigger a deeper correction toward the $1.56K-$1.64K region. A breakdown below the white ascending trendline would invalidate the sequence of higher lows and could accelerate a move toward $1.75K-$1.79K. That's the level to watch if sellers take control.
Liquidity pools point to range-bound action
The Binance liquidation heatmap shows a concentration of liquidity above the current price around $2K, making it the primary upside target. Below the market, a significant liquidation cluster has formed around $1.82K. Ethereum is trading between these two liquidity pools, which suggests choppy, range-bound price action before a decisive move. A sweep of either cluster could trigger increased volatility.
For now, the market is waiting. A break above $1.88K-$1.91K opens the path toward $2K and the moving averages. A break below the ascending trendline likely sends ETH toward $1.75K-$1.79K first, then possibly lower. Which liquidity pool gets swept first will determine the next leg.
