The price of Ethereum has fallen below the $1,800 support level against the US Dollar and may continue to decline towards the $1,650 support level. Despite attempting to recover above the $1,850 resistance zone, Ethereum remains in a bearish trend and is trading below the 100-hourly Simple Moving Average. A major bearish trend line is forming with resistance near $1,800 on the hourly chart of ETH/USD. If Ethereum fails to clear the $1,830 resistance level, it could continue to move down towards the $1,650 support zone.
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Ethereum Price Drops Below $1,800 Support Level, Potential Further Decline to $1,650.
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