Ethereum: Multiple Spikes Into the 0.618 Fib Keep Bulls in CheckEthereum / TetherUSBINANCE:ETHUSDTDukesMarketAnalysisSecond Ethereum Chart of the Day Our second Ethereum chart of the day takes a closer look at the shorter-term picture, where the 0.618 Fibonacci level at $1,920.43 continues to frustrate the bulls. Multiple spikes into this area have attracted sellers, making it the immediate hurdle to overcome. Repeated Rejections Around $1,920 The repeated failures around the 0.618 Fib show sellers are continuing to defend this technical level. Bulls are making another attempt, however, with price once again pushing back towards resistance. Moving Averages Confirm the Consolidation The 100/50-Period EMAs remain bullishly crossed but have contracted considerably, reflecting the sideways price action. Price is currently trading marginally above both averages. A Break Could Open the Door to $2,000 A convincing break above $1,920.43 would shift attention towards the July 27 high at $1,981.24. Beyond that sits the significant weekly resistance and psychological $2,000 area highlighted in our first Ethereum chart. In Summary Our second Ethereum chart of the day shows sellers continuing to defend the $1,920.43 Fib, with multiple attempts to break higher so far failing. Price remains above the bullishly crossed 100/50-Period EMAs, keeping the short-term picture constructive. A convincing break above $1,920 would put $1,981.24 and the psychological $2,000 area back in focus, while losing $1,853.62 would weaken the setup and bring $1,822.06 back into play.