Ethereum Price Analysis: Is ETH Ready to Smash Through the $1.85K Resistance?
Ethereum is fighting to stabilize following a sharp correction from its May highs of $2.4K, as traders look for signs of a trend reversal. Current technical analysis indicates that the ETH price is testing major resistance levels, with both daily and 4-hour charts showing signs that buyers are slowly reclaiming market dominance.
To confirm a bullish reversal, Ethereum must achieve a decisive breakout above the prevailing supply zone. With aggressive positioning emerging in the futures market, the ability to hold above the $1.85K mark will be critical in determining whether the current momentum can translate into a sustained rally.
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