Ethereum Faces Resistance at $1,920 After Recovery Wave

Ethereum (ETH) initiated a recovery, surpassing $1,850 but now faces resistance near $1,920. Bulls pushed ETH above the $1,880 resistance, overcoming the 50% Fib retracement from $2,032 to $1,767. Currently, ETH trades above $1,850 and the 100-hourly Simple Moving Average, with a bullish trend line forming support at $1,860. A break above $1,970 could lead to $2,020, potentially reaching $2,120. Failure to breach $1,920 may trigger a decline, with initial support at $1,860 and major support at $1,845. Further drops could test $1,800 and $1,765 supports.