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Ethereum Price Vulnerable To More Losses If It Stays Below $1,920

Ethereum's price has extended its decline below $1,920 against the US dollar, and may continue to move down if it breaks the $1,820 support zone. The price is currently trading below $1,920 and the 100-hourly Simple Moving Average. The next major resistance is near $1,920, and an upside break above this level could send Ethereum toward $1,975 or the 50% Fib retracement level. However, if Ethereum fails to clear the $1,920 resistance, it could continue to move down, with initial support on the downside near the $1,840 level and major support near the $1,820 zone. (newsbtc)

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