Ethereum price is struggling to clear the $1,920 resistance against the US Dollar. ETH could gain bearish momentum if there is a close below $1,875.

• Ethereum is trading in a range above the $1,875 level.
• The price is trading below $1,910 and the 100-hourly Simple Moving Average.
• There is a key rising channel forming with support near $1,885 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could decline heavily if the price remains below $1,920 for a long time.

Ethereum Price Struggles Below $1,920

Ethereum’s price attempted a fresh increase above the $1,900 level. However, ETH failed to gain traction above the $1,920 resistance and reacted to the downside, similar to Bitcoin.

The price declined below the $1,885 level but remained stable above $1,875. A low is …