Ethereum Price Nears $2,000 as Key Resistance Tests Bullish Momentum

Ethereum (ETH) has recovered from June lows near $1,500 to almost $1,950, improving its short-term technical outlook. ETH moved back above its 20-day and 50-day EMAs, currently around $1,776 and $1,746, which have shifted from resistance into support. A major resistance zone now stands between ETH and a confirmed trend reversal.