#EthereumFuture

Ethereum faces key resistance at $1895

According to the heat map of the cost distribution (CBD) for Ethereum, a significant concentration of supply is marked at $1895.50, where 1.64 million ETH is held by investors who purchased in November 2024. This level, identified as potential resistance, may trigger selling pressure as holders may attempt to break even or secure profits.

Based on technical analysis, resistance at $1895 receives further confirmation. The price is hovering near the 50-day exponential moving average (EMA) on the daily chart, a critical trend reversal indicator. Failure to break through this EMA may signal further bearish momentum, while a sustained upward movement could give hope to bulls.

Nevertheless, Ethereum remains in a clear downtrend on higher time frame charts, with no definitive signs of a bullish reversal. A daily close above $2142 is necessary to trigger a potential bounce, breaking the pattern of lower highs and lower lows. $ETH