The chart suggests Ethereum is approaching a major resistance zone around $1,935-$1,940. Price has already reclaimed the local range and is now testing the same level that previously acted as a strong rejection area.
Bullish Scenario 🚀 💥 🚀
A clean breakout and hourly close above $1,940 could trigger a liquidity grab and continuation toward $1,975-$2,000.
The structure is currently printing higher lows, showing buyers are gradually gaining control.
If momentum and volume increase above resistance, shorts may get squeezed, accelerating the move higher.
Bearish Scenario
The chart's projected path suggests a fake breakout above resistance first.
After trapping late longs, ETH could revisit the major support zone around $1,820-$1,825.
If buyers defend that area successfully, it would create a stronger base for a larger move toward $2,000+. Support and resistance zones often become key decision points for trend continuation or reversal.
My Take
The most important level right now is $1,940.
✅ Above $1,940 → Momentum favors $1,980-$2,000.
⚠️ Rejection at $1,940 → Expect volatility and a possible sweep toward $1,820 before the next major trend develops.
Remember that the white arrows on the chart are a projected scenario, not a prediction. Wait for confirmation from price action and volume before committing to a directional bias. 📈
$ETH #ETH #Ethereum