Ethereum price is struggling to clear the $1,920 resistance against the US Dollar. ETH could gain bearish momentum if there is a close below $1,875.
Ethereum is trading in a range above the $1,875 level.
The price is trading below $1,910 and the 100-hourly Simple Moving Average.
There is a key rising channel forming with support near $1,885 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could decline heavily if the price remains below $1,920 for a long time.
Ethereum Price Struggles Below $1,920
Ethereum’s price attempted a fresh increase above the $1,900 level. However, ETH failed to gain traction above the $1,920 resistance and reacted to the downside, similar to Bitcoin.
The price declined below the $1,885 level but remained stable above $1,875. A low is formed near $1,877 and the price is now consolidating losses. It is slowly moving higher above the $1,885 level. There is also a key rising channel forming with support near $1,885 on the hourly chart of ETH/USD.
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-prediction-1825/
