Ethereum price is struggling below the $1,840 resistance against the US Dollar. ETH could decline heavily if there is a clear move below the $1,780 support.
Ethereum is currently facing many hurdles near the $1,840 resistance zone.
The price is trading below $1,820 and the 100-hourly Simple Moving Average.
There is a major bearish trend line forming with resistance near $1,825 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it clears the $1,825 and $1,840 resistance levels.
Ethereum Price Faces Uphill Task
Ethereum’s price remained in a bearish zone below the $1,840 zone. ETH started a fresh decline below the $1,800 level and showed a few bearish signs, similar to Bitcoin.
The price even declined below the $1,780 level. A low is formed near $1,772 and the price is now correcting losses. There was a move above the $1,800 level. The price cleared the 50% Fib retracement level of the downward move from the $1,834 swing high to the $1,77
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-bearish-1825/
