Here’s what’s stopping Ethereum’s next all-time high
After an impressive run in July, Ethereum (ETH) has failed to reach a new record high. However, technical indicators suggest the right conditions are forming for a potential breakout. According to cryptocurrency trading expert Michaël van de Poppe, Ethereum is currently facing significant resistance on its path to new all-time highs. In this case, the asset’s recent price action shows a stalled rally and a sharp pullback from local peaks, he said in an X post on August 5. ETH price analysis chart. Source: TradingView Poppe noted that Ethereum attempted to push higher but failed to reach the critical resistance zone near $4,100, the last major barrier before potential price discovery. Instead, ETH reversed, delivering a 15% correction, underlining selling pressure below that level. His Analysis identified $4,100 as the crucial threshold Ethereum must break to revisit or surpass previous highs. Ethereum’s key price levels to watch At the same tim...