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Published on July 25, 2023 04:10 GMT+00:00edited on July 25, 2023 04:14 GMT+00:00

Ethereum price is showing bearish signs below the $1,900 resistance against the US Dollar. ETH could extend its decline toward the $1,780 support.

• Ethereum is showing bearish signs below the $1,900 level.
• The price is trading below $1,880 and the 100-hourly Simple Moving Average.
• There is a short-term bullish trend line forming with support near $1,845 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could decline further toward the $1,825 and $1,780 levels.

Ethereum Price Drops Further

Ethereum’s price remained in a bearish zone below the $1,900 level. ETH struggled to recover and extended its decline below the $1,880 level, similar to Bitcoin.

The price declined below the $1,850 support level. A new weekly low is formed near $1,832 and the price is now …