The price of Ethereum has fallen below $1,880 against the US Dollar and is displaying bearish signals, potentially leading to a further drop towards $1,800. Although Ethereum is attempting a recovery from the $1,825 zone, it is still trading below $1,880 and the 100-hourly Simple Moving Average.

A key bearish trend line is forming with resistance near $1,905 on the hourly chart of ETH/USD, and any attempts at a fresh increase may be limited to around $1,900. If Ethereum fails to clear the $1,890 resistance or $1,900, it could continue to move down, with initial support on the downside near the $1,840 level.