Ethereum's price has found support, holding above the $1,900 level. The cryptocurrency briefly surged past $2,020, reaching a high of $2,054 before experiencing a correction. It is currently trading below $2,000 and the 100-hourly Simple Moving Average.
Immediate resistance is observed near the $2,000 mark, with a bearish trend line also forming at this level on the hourly chart. A sustained move above $2,050 and potentially $2,120 could signal a return to bullish momentum, with eyes on the $2,200 zone. However, failure to clear the $2,000 resistance could trigger a decline. Initial support is seen at $1,920, followed by a more significant level at $1,880. Further losses could push Ethereum towards $1,800.