Ethereum price is still struggling to clear the $1,920 resistance against the US dollar. ETH is moving lower but downsides might be limited below $1,850.
- Ethereum is still struggling to clear the $1,920 level.
- The price is trading above $1,860 and the 100-hourly Simple Moving Average.
- There was a break above a connecting bearish trend line with resistance near $1,880 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could rise once again unless there is a close below the $1,850 support zone.
Ethereum Price Stuck In Range
Ethereum remained stable above the $1,850 support zone. ETH made another attempt to gain bullish momentum above the $1,880 resistance, like Bitcoin.
There was a break above a connecting bearish trend line with resistance near $1,880 on the hourly chart of ETH/USD. However, the pair again failed to clear the $1,920 resistance zone. A high is formed near $1,907 and the price is moving lower.Are Dips Limited in ETH?
If Ethereum fails to clear the $1,900 resistance, it could continue to move down. Initial support on the downside is near the $1,880 level. The next key support is $1,870 or the 100 hourly SMA.Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 level.
Major Support Level – $1,870 Major Resistance Level – $1,920