TA: Why Ethereum (ETH) Topside Bias Vulnerable Unless It Surges Past $2K

TA: Why Ethereum (ETH) Topside Bias Vulnerable Unless It Surges Past $2K


Ethereum is facing an uphill task near the $2,000 zone against the US Dollar. ETH price remains at a risk of a larger decline below the $1,800 support zone.

Ethereum started a fresh decline after it failed to surpass the $2,000 resistance zone. The price is still trading well below the $2,000 resistance and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,975 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if it fails to move above the $1,950 and $2,000 resistance levels. Ethereum Price Turns Red

After a failed attempt to clear the $2,000 resistance, ethereum started a fresh decline, similar to bitcoin. ETH price broke the $1,950 support and it settled well below the 100 hourly simple moving average.

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The price even declined below the $1,920 support, but the bulls are defending the $1,850 support zone. The recent low

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