Ethereum Price Rebound Pauses at $1,950, Traders Eye Next Move
Ethereum price started a fresh decline below $1,865. ETH is now recovering losses from $1,800 and might struggle to recover above $1,925 or $1,950. A clear move above the $1,965 resistance might send the price toward the $2,020 resistance. An upside break above the $2,020 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,150 in the near term. If Ethereum fails to clear the $1,950 resistance, it could start a fresh decline. Initial support on the downside is near the $1,900 level. The first major support sits near the $1,870 zone. A clear move below the $1,870 support might push the price toward the $1,845 support. Any more losses might send the price toward the $1,800 region. The main support could be $1,780. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,870 Major Resistance Level – $1,950Another Drop In ETH?
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