Ethereum Price Reverses Under $2,000, Bulls On The Back Foot

Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating and remains at risk of another decline below $1,940.

• Ethereum struggled to extend gains above $2,050 and corrected lower.
• The price is trading below $2,000 and the 100-hourly Simple Moving Average.
• There was a break below a bullish trend line with support at $2,035 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh decline if it stays below the $2,000 zone.

Ethereum Price Dips…