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BEARISH 📉 : Ethereum price struggles below $2,000 amid bearish pressures
Ethereum Price Analysis
- Ethereum's price found support near $1,920 and began recovery.
- The price is consolidating below $2,000 and the 100-hourly SMA.
- A bullish trend line offers support at $1,955 on the hourly ETH/USD chart (via Kraken).
- If Ethereum remains under $2,020, it could face a fresh decline.
Support and Resistance Levels
- Immediate resistance is near $2,015, with key resistance at $2,035.
- A significant move above $2,060 could propel Ethereum towards $2,100 and potentially $2,150 or $2,185.
- If unable to surpass $2,015, Ethereum might decline again.
- Initial downside support is found at $1,965, with major support at $1,955.
- Further declines could see support levels at $1,920, $1,880, and possibly $1,825.

Technical Indicators
- Hourly MACD: Gaining momentum in the bullish zone for ETH/USD.
- Hourly RSI: Positioned above the 50 level for ETH/USD.
- Major Support Level: $1,920
- Major Resistance Level: $2,015