Ethereum price is facing a barrier near the $1,840 resistance against the US Dollar. ETH could attempt another upside break if it clears the $1,825 and $1,840 resistance levels.
Ethereum is currently facing many barriers near the $1,840 resistance zone.
The price is trading below $1,810 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance near $1,805 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a decent increase if it clears the $1,825 and $1,840 resistance levels.
Ethereum Price Stuck Below $1,840
Ethereum’s price failed another time to clear the $1,840 and $1,850 resistance levels. ETH declined below the $1,800 level to remain in a range, similar to Bitcoin.
However, the price remained stable above the $1,785 support. A low is formed near $1,791 and the price is now consolidating losses. It is slowly moving higher above the 23.6% Fib retracement level of the recent decline from the $1,828 swing high to th
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