The price of Ethereum has failed to surpass the $1,900 resistance level against the US Dollar and is currently decreasing, potentially revisiting the $1,825 support zone.
The hourly chart of ETH/USD shows a break below a key bullish trend line with support near $1,875, indicating a possible decline towards $1,845 or even $1,825.
The bears seem to be in control as Ethereum is now trading below $1,870 and the 100-hourly Simple Moving Average. If Ethereum fails to clear the $1,880 resistance, it could continue to move down towards the $1,825 support level in the near term.
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