Ethereum Price Faces Uncertainty Amid Consolidation

Ethereum's price has shown resilience in recent days, with the cryptocurrency successfully breaching the $1,900 zone and potentially setting its sights on another increase above $2,000.

However, technical indicators suggest that bullish momentum may be waning. The MACD for ETH/USD is losing momentum in the bullish zone, while the RSI has dipped below the 50 mark.

If Ethereum fails to clear the $2,000 resistance, it could start a fresh decline. Initial support on the downside lies at $1,920, with the first major support seen at $1,880 or the 76.4% Fib retracement level of the upward move from the $1,836 swing low to the $2,054 high.