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BEARISH 📉 : Ethereum struggles below $2,110 resistance amid bearish trend
Ethereum price is showing signs of recovery, trading above $2,000, but faces resistance at $2,120.
- ETH held above $1,880 and is recovering losses.
- The price remains below the $2,120 mark and the 100-hour Simple Moving Average.
- A bearish trend line presents resistance at $2,110 on the hourly ETH/USD chart.
- If unable to surpass $2,200, another decline is possible.
Resistance and Support Levels
- Immediate resistance is near $2,110 and the trend line.
- Key resistance levels are $2,200 and $2,240.
- A break above $2,240 may push prices to $2,350 or higher, potentially reaching $2,550 or $2,665.
- Support levels include $2,040 and a significant level at $2,000.
- A drop below $2,000 could lead to further declines towards $1,880 or $1,750.

Technical Indicators
- MACD: Losing momentum in the bearish zone.
- RSI: Below the 50 zone.