Ethereum Price Nears Key Resistance Breakthrough

Ethereum Price Faces Resistance at $1,920

• Ethereum price began a recovery wave above the $1,820 and $1,850 levels.
• The price is trading above $1,860 and the 100-hourly Simple Moving Average.
• A bullish trend line is forming with support at $1,860 on the ETH/USD hourly chart.
• The pair must overcome resistance levels at $1,900 and $1,920 to continue increasing.
• If Ethereum fails to clear the $1,920 resistance, it may decline towards the $1,845 support zone.

Ethereum’s price has climbed above key levels but faces significant resistance near $1,920. Failure to break this could lead to a decline toward $1,845 support.