Ethereum Price Struggles Near Highs — Reversal Risk Rising
Ethereum price started a recovery wave above the $2,020 zone. ETH is now struggling to clear $2,080 and remains at risk of another decline in the near term. The next major resistance is near the $2,135 level. A clear move above the $2,135 resistance might send the price toward the $2,150 resistance. An upside break above the $2,150 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,200 resistance zone or even $2,220 in the near term. If Ethereum fails to clear the $2,050 resistance, it could start a fresh decline. Initial support on the downside is near the $2,000 level. The first major support sits near the $1,980 zone. A clear move below the $1,980 support might push the price toward the $1,910 support. Any more losses might send the price toward the $1,880 region. The main support could be $1,840. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,980 Major Resistance Level – $2,080Downside Continuation In ETH?
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