Ethereum price found support near $1,928 and recovered some losses. ETH is now consolidating and faces key hurdles near $2,020.
Ethereum is attempting a fresh recovery wave above $1,950.
The price is trading below $2,020 and the 100-hourly Simple Moving Average.
There is a bullish trend line forming with support at $1,950 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh decline if it stays below the $2,020 zone.
Ethereum Price Faces Resistance
Ethereum price failed to stay above $2,000 and started a fresh decline, like Bitcoin. ETH price traded below the $1,950 and $1,940 levels to enter a bearish zone.
Finally, the bulls appeared near $1,925. A low was formed at $1,928, and the price started a recovery wave. There was a move above the $1,950 resistance. The price even spiked above the 38.2% Fib retracement level of the downward move from the $2,101 swing high to the $1,928 low.
Ethereum price is now trading below $2,020 and the 100-hou
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-near-flashpoint-2020/
