Technically, the daily chart shows that ETH is facing strong resistance in the $1,920 – $2,000 region. If the price breaks through this barrier with increasing volume, the next target is around $2,150, signaling a continuation of the uptrend. However, if selling pressure intensifies, ETH could retrace to support levels at $1,850 and $1,780.

The Relative Strength Index (RSI) is currently at a neutral level, suggesting there is still room for sharp movements in either direction.

Meanwhile, the 50 and 200-period moving averages continue to provide support for the uptrend, but a bearish crossover could trigger more aggressive liquidations.

Trading volume will be a decisive factor. If a strong capital inflow occurs above $1,920, a breakout could push Ethereum toward new local highs. On the other hand, rejection at this level might lead to a deeper correction before any further bullish attempt.

The coming days will be crucial for Ethereum. The asset is at a crossroads, and any significant move could define the market trend in the short term.

O post Ethereum at a Crossroads: Heading to $2,000 or a Correction Ahead? apareceu primeiro em DarthBull.