Analysis: ETH momentum slows amid intense battle between buyers and sellers

ETH faces heavy buying and selling pressure below key resistance levels after a strong rebound in June, slowing its upward momentum, according to CryptoPotato. On the daily chart, ETH is trading below its 100-day and 200-day moving averages, indicating the medium- to long-term trend remains tilted to the downside, the outlet said. It added that the recent rebound stalled below the 100-day moving average near $1,950, where selling pressure quickly emerged. On the four-hour chart, ETH is moving within a consolidation range, with no clear short-term direction yet.