Ethereum Under Siege: Critical Resistance Levels Threaten ETH’s Bullish Momentum

Ethereum faces its moment of truth as critical resistance levels continue to cap upside potential.

The Technical Battlefield

ETH remains trapped below key resistance zones that have repeatedly rejected bullish advances. Each failed breakout attempt weakens the technical foundation, creating mounting pressure on support levels below.

Market Psychology Shift

Traders grow increasingly cautious as ETH struggles to reclaim higher ground. The persistent resistance creates a psychological barrier that could trigger cascading sell orders if breached to the downside.

The Institutional Perspective

While retail investors panic, sophisticated players view these technical battles as necessary consolidation phases. Every major cryptocurrency has weathered similar resistance walls before achieving new heights—though that's cold comfort for anyone watching their portfolio bleed red.

Ethereum's current predicament mirrors traditional finance's favorite pastime: creating elaborate charts to explain why your money disappeared.

Bitcoin Slips by 0.68% While Ethereum Sees Slight 0.02% Increase

Particularly, the leading cryptocurrency, Bitcoin ($BTC), is changing hands at $112,314.55, highlighting a 0.68% decrease. In addition to this, its market dominance is 58.5%. On the other hand, ethereum ($ETH) has seen a minor 0.02% increase, claiming $4,103.99. Along with that, its market dominance is 13.0%.

$SDOGE, $MAGA, and $TRUMP Dominate Crypto Gainers of Day

Apart from that, SDOGE ($SDOGE), TRUMP MAGA ($MAGA), and PEPE ($TRUMP) are the leading among the top crypto gainers of the day. Specifically, $SDOGE has surged by 865.47%, reaching $0.000004997. Following that, $MAGA is hovering around $33.50, indicating a 615.19% increase. Subsequently, $TRUMP has jumped by 447.00%, while trading at $0.000001626.

DeFi TVL Plunges by 1.76% and NFT Sales Volume Drops by 15.57%

Contrarily, the DeFi TVL has slumped by 1.76%, attaining the $157.875B spot. Additionally, the top DeFi project in terms of TVL, Aave, has dropped by 0.33%, touching $41.209B. However, when it comes to 1-day TVL change, Stabil Finance dominates the market, claiming 3419% rise over twenty-four hours.

At the same time, the NFT sales volume has plunged by 15.57%, reaching $28,150,770. Contrarily, the top-selling NFT collection, 45.com, stands at $5,802,211, denoting a 48.38% decrease.

NY Launches Blockchain Office, FTX Co-Founder Blasts SEC Ex-Chief

Moving on, the crypto industry has also gone through many other influential developments. Hence, New York has unveiled the 1st office devoted to digital assets and blockchain innovation. Moreover, the Japanese financial regulatory authorities are readying to restrict or outlaw crypto insider trading with the New Financial Instruments and Exchange Act (FIEA).

Furthermore, Sam Bankman-Fried, the co-founder of the notorious cryptocurrency exchange FTX, has accused Gary Gensler, the former SEC Chairman, of arresting him after being politically motivated.