ETHEREUM: Back Into Resistance... Can the Bulls Break Through?Ethereum / TetherUSBINANCE:ETHUSDTDukesMarketAnalysisPossible Bottoming Structure Remains The month-long consolidation continues to raise the possibility of a developing bottoming structure. Multiple taps of the $1,550 support area have held, but the structure still needs a break of resistance for stronger confirmation. 100/50-Period EMAs Remain Bullish The 100/50-period EMAs remain bullishly crossed, with price finding support around those averages on the latest pullback. This continues to favour the bulls in the short term, with price now pushing higher again. Momentum Starting to Improve The RSI is back above 50, while the StochRSI is moving sharply higher from oversold territory. Momentum is improving, although volume remains low as Ethereum once again tests resistance. $1,850 Remains the Level to Beat A clear break above $1,850 would give the bulls renewed hope and strengthen the possible bottoming case. Another rejection would keep the distribution argument alive and leave Ethereum trapped within the month-long range. In Summary Ethereum has pushed straight back into the major $1,800-$1,850 resistance area, with short-term momentum once again improving. The bullishly crossed 100/50-period EMAs continue to support the move, while the possible month-long bottoming structure remains in play. However, the bulls still need to prove themselves with a clear break above $1,850. Until then, repeated reactions from resistance leave the bears with a possible distribution case.