Ethereum is attempting to strengthen its recovery near the $1,900 level, but the daily chart suggests ETH still faces a major technical obstacle before a more convincing bullish move can develop. Ethereum price is currently trading around $1,905, placing it close to an important moving average near $1,923 that has repeatedly limited upside momentum since the sharp June decline. Despite this resistance, Ethereums short-term technical outlook has improved considerably since ETH fell to approximately $1,550 in June. The cryptocurrency has formed a series of higher lows while recovering…
Source:: Ethereum Price Eyes $2,000 as ETH Tests Key Resistance