Although the bullish momentum in Ethereum price is waning, Ethereum bulls are still in control.

Ethereum price is still struggling to break above the $1,920 resistance against the US dollar. ETH is trending lower, but the downside may be limited to below $1,850.

Ethereum is still struggling to break out of the $1,920 level. The price is above $1,860 and the 100 hourly simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), the pair broke above the bearish trend line connecting with resistance near $1,880. Unless the price closes below the $1,850 support zone, the pair is likely to rise again.