The price of Ethereum has started a fresh decline and is trading below $1,900 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,900, and if there is a clear move below $1,840, the pair could continue to move down. Immediate resistance is near the $1,890 level, and the next major resistance seems to be forming near the trend line and $1,900. The main resistance is near $1,915 or the 76.4% Fib retracement level of the recent decline from the $1,936 high to the $1,843 low. If Ethereum fails to clear the $1,900 resistance, it could continue to move down, with initial support on the downside near the $1,840 level or the recent low. The next major support is near the $1,800 zone, below which ether price might drop toward the $1,740 support zone. (newsbtc)