Ethereum struggled to gain pace above the $2,000 resistance against the US Dollar. ETH is declining, but it is still above the key $1,920 support zone.<\/em><\/p>\n

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Ethereum is showing a few bearish signs below the $2,000 barrier.<\/li>\n
The price is now trading below $2,000 and the 100 hourly simple moving average.<\/li>\n
There is a major bearish trend line forming with resistance near $1,970 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could decline sharply if there is a clear move below the $1,920 support zone.<\/li>\n<\/ul>\n
Ethereum Price Settles Below $2K<\/h2>\n
Ethereum climbed above the $1,950 resistance and the 100 hourly simple moving average. However, the bears protected major gains above the key $2,000 zone<\/a>.<\/p>\n
The price started a fresh decline from the $2,020 swing high. There was a clear move below the $1,980 level and $1,950. Ether is now trading below $2,000 and the 100 hourly simple moving average<\/a>. A low is formed near $1,931 and the price is now consolidating losses.<\/p>\n
On the upside, an initial resistance is near the $1,950 level. It is near the 23.6% Fib retracement level of the recent decline from the $2,020 swing high to $1,931 low.<\/p>\n
The next major resistance is near the $1,970 level. There is also a major bearish trend line forming with resistance near $1,970 on the hourly chart of ETH\/USD. The trend line is near the 50% Fib retracement level of the recent decline from the $2,020 swing high to $1,931 low.<\/p>\n
$\"Ethereum$ <\/a><\/p>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
The main resistance is now forming near the $2,000 level. A close above the $2,000 level could open the doors for a steady increase. In the stated case, ether price could rise towards the $2,085 resistance zone. Any more gains may perhaps send it towards the key $2,200 resistance zone.<\/p>\n
More Losses in ETH?<\/h2>\n
If ethereum fails to recover above the $2,000 resistance, it could continue to move down. An initial support on the downside is near the $1,930 zone.<\/p>\n
The next major support is near the $1,920 level. A downside break below the $1,920 level might call for a sharp decline. In the stated case, the price could dive towards the $1,850 level. Any more losses may perhaps call for a move to $1,800.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is now losing momentum in the bearish zone.<\/p>\n
Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now below the 50 level.<\/p>\n
Major Support Level \u2013 $1,920<\/p>\n
Major Resistance Level \u2013 $2,000<\/p>\n<\/div>\n

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Ethereum struggled to gain pace above the $2,000 resistance against the US Dollar. ETH is declining, but it is still above the key $1,920 support zone. Ethereum is showing a few bearish signs below the $2,000 barrier. The price is now trading below $2,000 and the 100 hourly simple moving average. There is a major […]<\/p>\n","protected":false},"author":1,"featured_media":15964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[1191,317,44,1795,329],"class_list":{"0":"post-27220","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-action","9":"tag-bears","10":"tag-ethereum","11":"tag-remain","12":"tag-struggles"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/27220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=27220"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/27220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/15964"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=27220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=27220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=27220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}