Ethereum is attempting to increase in value from $1,825 against the US Dollar, with the potential to rally if it surpasses the $1,900 resistance level. The price is currently trading above $1,865 and the 100-hourly Simple Moving Average, with a major bearish trend line forming near $1,900 on the hourly chart of ETH/USD. If the pair can close above $1,900, it could lead to a decent increase towards $1,975 and even $2,000.
However, if Ethereum fails to clear the $1,900 resistance level, it may experience another decline with initial support near $1,865 or the 100-hourly Simple Moving Average.
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