Ethereum faced significant resistance at the $130 level. If the price fails to break through this resistance, the bearish move may continue until the $1783 support.

With the downtrend broken, Ethereum whales can be expected to buy, waiting for the price to drop back to the $1783-1738 range. Reaching this level also means that the broken down trend line will be retested.
If the price of Ethereum exceeds the $ 1930 resistance, it can continue its rise until the $ 2056 levels.
In the short term, if Ethereum price closes hourly below the $1,840 level, it could extend its decline to the $1795 levels. However, the price needs a 4-hour close above the $1925 level to continue the uptrend. This price may change on the chart depending on time.
It is stated that if the price of Ethereum exceeds the 1925 dollar level with a high transaction volume, it can continue its rise up to the 1973 dollar levels. However, if this level is not broken, the decline may take place towards the $1807-1784 support levels.
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