🚀 $ETH ’s Test of Strength: $1,900 Resistance Awaits as Bulls Eye Breakout

🔥 Ethereum is showing signs of life after dipping below $1,400, with quiet whale accumulation fueling a cautious recovery. However, capitulation risk still lingers, and ETH isn’t out of the woods yet.

🏃‍♂️ On the weekly chart, ETH is outperforming BTC, hinting at capital rotation back into Ethereum as Bitcoin approaches resistance near $96K. Rising RSI on the ETH/BTC pair signals growing momentum.

💥 Heavy whale accumulation and improving technicals suggest ETH could challenge the $1,900 resistance soon. Breaking this key level would mark a major step in Ethereum’s recovery.

📈 On-chain data from Glassnode reveals a surge in First Buyers and Momentum Buyers, two groups typically preceding structural reversals. This adds more weight to the bullish case.

⚡ Still, ETH needs stronger buy-side support to smash $1,900. Volume around this level will be crucial to watch as sell-side pressure remains strong.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.