Ethereum price corrected further lower below the $1,900 level against the US Dollar. ETH is showing bearish signs and might decline further toward $1,825.
Ethereum extended its decline and tested the $1,875 level.
The price is trading below $1,930 and the 100-hourly Simple Moving Average.
There is a connecting bearish trend line forming with resistance near $1,910 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could decline further if it stays below the $1,910 and $1,940 resistance levels.
Ethereum Price Could Extend Losses
Ethereum’s price made a fresh attempt to start a decent increase above the $1,950 resistance. However, ETH struggled to gain strength for a move above $1,950.
A high was formed near $1,943 and the price reacted to the downside. There was a break below the $1,900 support zone. A new weekly low is formed near $1,875 and the price is now attempting a fresh increase. It broke the $1,890 and $1,900 levels.
There was a move above the 50% Fib retracement
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-downsides-1900/
