Ethereum Struggles as Price Hits Resistance

Ethereum Price Recovery Capped by Resistance Levels

• Ethereum price failed to clear the $2,000 resistance and is consolidating below $1,950.
• The price is trading under the 100-hourly Simple Moving Average.
• A bearish trend line with resistance at $1,890 is forming on the ETH/USD hourly chart.
• The first major resistance level is at $1,950, followed by a key level at $2,000.
• If unable to break resistance, Ethereum may decline towards support levels at $1,800 and potentially $1,750.

Ethereum’s price has struggled to surpass the $2,000 mark and currently faces significant resistance near $1,890 and $1,950. Failure to overcome these levels could lead to further declines toward key supports at $1,800 and below.