Ethereum Price Approaches ResistanceEthereum / TetherUSBINANCE:ETHUSDTThe_Alchemist_Trader_Ethereum is approaching a major technical resistance zone around the $2,022 level, where multiple high-confluence indicators are aligning. This area combines daily resistance with the 0.618 Fibonacci retracement, the VWAP, and the Point of Control, making it one of the most significant levels currently on the chart. When several technical factors converge at the same price, the market often reacts strongly, making this a key area to monitor over the coming sessions. If Ethereum fails to break above this resistance, the probability increases for a rotational move back toward the lower end of its established trading range. The next major support sits near $1,050, where weekly support is expected to attract buyers if price weakens. Such a move would not necessarily invalidate the broader market structure but instead reinforce the idea that Ethereum remains range-bound while participants await a stronger catalyst for expansion. For bulls, reclaiming and holding above the $2,022 resistance would be the first indication that momentum is shifting in favour of a sustained breakout. Until then, this region is likely to act as a decision point between continuation and rejection. As long as resistance remains intact, traders should expect continued range trading, with price rotating between established support and resistance before the next meaningful directional move develops.