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Ethereum Price Struggles to Clear $1,920 Resistance Against US Dollar

June 26 (Cointime) - The price of Ethereum is facing difficulty in surpassing the $1,920 resistance level against the US Dollar, and may experience a correction if it breaks the $1,865 support zone. Ethereum is currently undergoing a correction from the $1,920 resistance level, but is still trading above $1,865 and the 100-hourly Simple Moving Average. A bearish trend line is forming with resistance near $1,890 on the hourly chart of ETH/USD, and a short-term drop may occur if the $1,865 support level is broken. If the bulls manage to push Ethereum above the $1,930 zone, the price may surpass $1,965, with the next resistance level near $2,000.

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