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 Price Settles Below $2K
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.
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 low is formed near $1,931 and the price is now consolidating losses.
On the upside, an initial resistance is near the $1,950 ..
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