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Published on July 24, 2023 04:52 GMT+00:00edited on July 24, 2023 04:54 GMT+00:00

Ethereum price is struggling to clear the $1,900 resistance against the US Dollar. ETH could gain bearish momentum if there is a close below $1,850.

• Ethereum is showing bearish signs below the $1,920 level.
• The price is trading below $1,900 and the 100-hourly Simple Moving Average.
• There is a key bearish trend line forming with resistance near $1,900 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could decline steadily if the price remains below $1,900.

Ethereum Price Remains At Risk

Ethereum’s price made another attempt to settle above the $1,900 level. However, ETH failed to gain bullish momentum above the $1,900 resistance and started a fresh decline, similar to Bitcoin.

The price declined below the $1,885 and $1,875 levels. The bulls are now active …