Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,850

Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,850

Ethereum price is struggling below the $1,840 resistance against the US Dollar. ETH could face bearish moves if there is a break below the $1,800 support.


  • Ethereum is currently facing a strong barrier near the $1,850 resistance zone.

  • The price is trading below $1,820 and the 100-hourly Simple Moving Average.

  • There is a key rising channel forming with support near $1,800 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair could start a steady decline if there is a clear move below the $1,800 support.

  • Ethereum Price Faces Uphill Task


    Ethereum’s price started a decent upward move from the $1,750 support zone. ETH climbed higher above the $1,800 and $1,820 resistance levels, similar to Bitcoin.


    However, the bears were active near the $1,840 and $1,850 resistance levels. A high is formed near $1,847 and the price is now moving lower. There was a drop below the $1,825 and $1,820 levels. The price declined be ..

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