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Ethereum Price Struggles to Clear Key Resistance Level, Faces Potential Decline

The price of Ethereum is facing difficulty in surpassing the $1,880 and $1,900 resistance levels against the US Dollar, and may experience a fresh decline if it remains below them. The cryptocurrency is currently trading below $1,875 and the 100-hourly Simple Moving Average, and struggling to rise above a key bullish trend line. However, if it manages to break above the $1,900 level, it could potentially rise towards the $1,950 and $2,000 levels. On the downside, initial support is near the $1,860 level, followed by major support at $1,850 and $1,780.

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