Ethereum (ETH) has found support near the $1,855 level and has risen against the US dollar. The cryptocurrency is trading above $1,880 and the 100-hourly Simple Moving Average. A major bullish trend line is forming with support near $1,880 on the hourly chart of ETH/USD. The next major resistance is near the $1,940 zone, and a close above this level could lead to a strong increase.

The price may decline toward the $1,855 level if it fails to clear the $1,940 resistance. The hourly MACD for ETH/USD is gaining momentum in the bullish zone, while the hourly RSI is above the 50 level. The major support level is at $1,880, and the major resistance level is at $1,940.