Ethereum started a fresh decline below the 1920 level and if there is a clear break below the 1840 support level, ETH could extend the decline. Ethereum struggled to break the $2000 resistance and started a fresh decline. ETH is trading below the 1920 and 1900 support levels and entered a bearish zone even close to $1840. A low was formed near 1843 and it is now consolidating the losses. There is also a major bearish trend line forming with resistance near 1900 on the ETH hourly chart. An immediate resistance is near 1890. The next major resistance is formed near the trend line and 1900. A close above the 1915 resistance level could push Ethereum towards the 1940 resistance level. If Ethereum fails to clear the 1900 resistance level, it could continue to decline. An initial support on the downside is near 1840. The next major support is near the 1800 level, below which Ether could drop towards the 1740 support area.
