NewsBTC14 minutes ago

Published on July 20, 2023 04:39 GMT+00:00edited on July 20, 2023 04:44 GMT+00:00

Ethereum price is trading above the $1,875 support zone against the US Dollar. ETH could start a decent increase if it clears the $1,915 resistance zone.

• Ethereum is consolidating above the $1,875 level.
• The price is trading below $1,920 and the 100-hourly Simple Moving Average.
• There is a major bearish trend line forming with resistance near $1,910 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a steady increase if it clears the $1,915 and $1,940 resistance levels.

Ethereum Price Holds Support

Ethereum’s price remained stable above the $1,875 support zone. ETH bulls seem to be active above the $1,875 level and protecting more losses, similar to Bitcoin.

The price was able to recover a few points above the $1,890 level. However, the bears are …