Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,900 | Headlines | News | CoinMarketCap

07/31/2023 11:22
Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,900 | Headlines | News | CoinMarketCap

Ethereum price is struggling to clear the $1,880 zone against the US Dollar. ETH could start a fresh decline if it stays below $1,880 and $1,900.

Ethereum price is struggling to clear the $1,880 zone against the US Dollar. ETH could start a fresh decline if it stays below $1,880 and $1,900.

  • Ethereum is facing major resistance near $1,880 and $1,900.
  • The price is trading below $1,875 and the 100-hourly Simple Moving Average.
  • Earlier, there was a break below a key bullish trend line with support near $1,870 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is now struggling to rise above the same trend line and $1,880.

Ethereum Price Faces Key Resistance

Ethereum’s price failed to clear the $1,885 resistance and started a fresh decline. ETH declined below the $1,875 and $1,870 levels within a range, similar to Bitcoin.

Besides, there was a break below a key bullish trend line with support near $1,870 on …

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