Ethereum Price Nears Crucial Resistance Level as Market Awaits Directional Signal

Ethereum's price has been steadily recovering and is currently trading near key resistance levels.

The asset has gained 14% in the last four weeks and 28% over the past year, outperforming 85% of the top 100 crypto assets on a relative strength basis.

Rising leverage and derivatives positioning add complexity to the current setup, with market conditions remaining balanced between continuation potential and downside risk.