Could Ethereum Price Recovery Die Soon If ETH Doesn't Break Above $1,900? Ethereum price failed to clear the $1,885 resistance and started a fresh decline. ETH settled below the $1,875 and $1,870 range. Moreover, there was a break below a key uptrend line with support near $1,870 on the hourly chart of ETH/USD. The pair tested the support at $1,850 and recently started a new uptrend. The price climbed above $1,865. The bulls pushed the price above the 50% Fib retracement level of the downside move from the $1,885 low to $1,850 low. Ether is currently struggling to climb above the same trendline and $1,880. It trades below $1,875 and the 100 hourly simple moving average. On the upside, immediate resistance is near the $1,875 level and the 100 hourly moving average. It is near the 61.8% Fibonacci retracement level of the downward move from the $1,885 high to $1,850 low. The first major resistance is near $1,885. The next key resistance is near the $1,900 level, where the price could rally towards the $1,950 area. Any further gains could push the price towards the $2,000 mark. If Ethereum fails to break the $1,875 resistance, it could start another decline. An initial support on the downside is near $1,860. The first major support is near the $1,850 area, where the price could test the $1,820 support area. The next major support is near the $1,780 support. Technical indicators: Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is currently below the 50 level. Major support level – $1,850 Great Resistance – $1,885