Ethereum price started a fresh decline from the $1,940 resistance against the US Dollar. ETH retested $1,825 and is showing a few bearish signs.
Ethereum struggled to settle above the $1,925 and $1,940 resistance levels.
The price is trading below $1,880 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line with support near $1,895 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it clears the $1,800 support zone.
Ethereum Price Drops Again
Ethereum’s price started a fresh increase above the $1,850 zone. ETH struggled to settle above the $1,925 and $1,940 resistance levels, similar to Bitcoin at $29,500.
A high was formed near $1,939 and the price started a fresh decline. There was a sharp decline below the $1,900 and $1,880 levels. Besides, there was a break below a key bullish trend line with support near $1,895 on the hourly chart of ETH/USD.
A low is formed near $1,825 and the price is now consolid
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-vulnerability-1800/
