Ethereum (ETH) Faces Resistance at $2,050 After Recovering from $1,982 Low

Ethereum (ETH) is showing signs of recovery after dipping to $1,982. Currently, ETH is trading below $2,040 and the 100-hourly Simple Moving Average, facing resistance near $2,050, coinciding with a bearish trend line on the hourly chart. Overcoming the $2,050 resistance could propel ETH towards $2,100 and potentially $2,150, with further gains targeting $2,250 or even $2,320. Failure to breach $2,050 could trigger another decline, with initial support at $2,000, followed by $1,980. A break below $1,980 might lead to further drops toward $1,920 and potentially $1,880, with a key support level at $1,810.