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BEARISH 📉 : Ethereum price struggles below key resistance, risks further decline
Ethereum Price Update
- Ethereum found support at $1,905, recovering some losses.
- The price is below $1,980 and the 100-hourly Simple Moving Average.
- A bearish trend line forms with resistance at $1,985 on the hourly ETH/USD chart.
- Key resistances are near $1,985 and $2,000. A move above $2,000 might push towards $2,050.
- If unable to clear $1,985, a decline could target supports at $1,935 and $1,905.

Technical Indicators
- MACD: Losing momentum in the bullish zone.
- RSI: Above 50, indicating potential bullishness.
- Major Support: $1,905
- Major Resistance: $1,985