Ethereum found support near 1855 and moved higher, with ETH bulls targeting an upward breakout of 1925. Ethereum’s lows formed near 1855 before climbing above 1880. A high is now forming near 1934 and is currently consolidating gains. It is above the 50% Fib retracement level of the swing low from $1855 to high at $1934. There is also a major bullish trend line forming support near 1880 on the hourly chart of ETH. Immediate resistance is near 1925 and the next major resistance is near 1940. A close above the 1940 resistance could start a strong move higher, possibly targeting a break above the 2000 resistance. If Ether fails to clear the 1940 resistance, it could start another downside correction, with initial support on the downside near 1890 and the next major support near 1880, below which a drop towards the 1855 level is possible