The price of Ethereum is currently facing resistance near the $1,840 zone and is trading below $1,810 and the 100-hourly Simple Moving Average. However, if it clears the $1,825 and $1,840 resistance levels, it could attempt another upside break and rise towards the $1,920 level. On the downside, initial support is near the $1,785 level, with the next major support at the $1,770 zone. The MACD for ETH/USD is losing momentum in the bearish zone, while the RSI is below the 50 level.
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Ethereum Price Struggles to Break Above $1,840 Resistance Level
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