Ethereum's price has corrected gains and dipped below $1,880 against the US Dollar. However, it is holding the $1,850 support level and is currently consolidating losses. The price is trading above the 100-hourly Simple Moving Average and could rise again if it stays above the $1,860 and $1,850 support levels. On the upside, the price is facing resistance near the $1,880 level, with a connecting bearish trend line forming. The next major resistance is near the $1,900 zone, followed by $2,000 and $2,120. On the downside, initial support is near $1,860, followed by $1,850 and $1,770. A break below $1,770 could lead to further declines toward $1,700. The hourly MACD for ETH/USD is losing momentum in the bearish zone, while the RSI is near the 50 level. (newsbtc)