Ethereum Price Trims Gains and Could Revisit Key Range Support

Ethereum Price Trims Gains and Could Revisit Key Range Support


Ethereum price failed to surpass $1,880 and declined against the US Dollar. ETH is struggling and might continue lower toward the $1,790 support.

Ethereum is currently moving lower from the $1,880 resistance zone. The price is trading below $1,830 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $1,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower toward the $1,790 and $1,780 levels. Ethereum Price Fails Again

Ethereum’s price attempted a fresh increase above the $1,850 resistance zone. However, ETH bears remained active near the $1,880 level and the price started another decline, similar to Bitcoin.

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The price declined from the $1,873 high and traded below the $1,850

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