Ethereum price started a fresh decline and traded below $1,980. ETH is now 
consolidating and remain at risk of another decline below $1,920. Ethereum 
struggled to extend gains above $2,000 and corrected lower. The price is 
trading below $1,980 and the 100-hourly Simple Moving Average. There is a 
bearish trend line forming with resistance at $1,960 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could start a fresh decline if it 
stays below the $2,000 zone. Ethereum Price Remains In The Red Ethereum price 
failed to stay above $2,000 and started a fresh decline, like Bitcoin. ETH 
price traded below the $1,980 and $1,960 levels to enter a bearish zone. The 
pair dipped below the 50% Fib retracement level of the upward move from the 
$1,745 swing low to the $2,168 high. The bears even pushed the price toward 
the $1,900 support. Besides, there is a bearish trend line forming with 
resistance at $1,960 on the hourly chart of ETH/USD. Ethereum price is now 
trading below $1,980 and the 100-hourly Simple Moving Average. If the bulls 
remain in action above $1,920, the price could attempt another increase. 
Immediate resistance is seen near the $1,960 level and the trend line. The 
first key resistance is near the $2,000 level. The next major resistance is 
near the $2,050 level. A clear move above the $2,050 resistance might send the 
price toward the $2,150 resistance. An upside break above the $2,150 region 
might call for more gains in the coming days. In the stated case, Ether could 
rise toward the $2,250 resistance zone or even $2,280 in the near term. 
Downside Extension In ETH? If Ethereum fails to clear the $1,960 resistance, 
it could start a fresh decline. Initial support on the downside is near the 
$1,920 level. The first major support sits near the $1,900 zone or the 61.8% 
Fib retracement level of the upward move from the $1,745 swing low to the 
$2,168 high. A clear move below the $1,900 support might push the price toward 
the $1,845 support. Any more losses might send the price toward the $1,800 
region. The main support could be $1,750. Technical Indicators Hourly MACD – 
The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI &#8211; The 
RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,900 Major 
Resistance Level – $2,000

Ethereum Price Rejected Again — Is Another Leg Lower Brewing?

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Bitcoin price failed to stay above $68,800 and started another decline. BTC is 
now trading below $67,500 and might extend losses in the near term. Bitcoin is 
slowly moving lower below $68,000 and $67,500. The price is trading below 
$67,000 and the 100 hourly simple moving average. There is a bearish trend 
line forming with resistance at $67,500 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might dip again if it trades below the 
$66,000 and $65,000 levels. Bitcoin Price Dips Further Bitcoin price failed to 
remain stable above the $68,800 zone. BTC started a fresh decline and traded 
below the $68,000 support zone. There was a push below $67,000. The price 
dipped below the 50% Fib retracement level of the upward move from the $60,500 
swing low to the $72,255 high. The bears even pushed the price below $65,500. 
Besides, there is a bearish trend line forming with resistance at $67,500 on 
the hourly chart of the BTC/USD pair. Bitcoin is now trading below $67,000 and 
the 100 hourly simple moving average. If the price remains stable above 
$65,000, it could attempt a fresh increase. Immediate resistance is near the 
$67,500 level and the trend line. The first key resistance is near the $68,000 
level. A close above the $68,000 resistance might send the price further 
higher. In the stated case, the price could rise and test the $69,200 
resistance. Any more gains might send the price toward the $70,500 level. The 
next barrier for the bulls could be $72,000 and $72,500. More Losses In BTC? 
If Bitcoin fails to rise above the $68,000 resistance zone, it could start 
another decline. Immediate support is near the $65,500 level. The first major 
support is near the $65,000 level or the 61.8% Fib retracement level of the 
upward move from the $60,500 swing low to the $72,255 high. The next support 
is now near the $62,750 zone. Any more losses might send the price toward the 
$61,200 support in the near term. The main support now sits at $60,500, below 
which BTC might struggle to recover in the near term. Technical indicators: 
Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI 
(Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. 
Major Support Levels – $66,000, followed by $65,000. Major Resistance Levels – 
$67,500 and $68,000.

Bitcoin Price Bleeds Lower With $65K Becoming The Battleground

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federal crypto framework aimed at clarifying digital asset rules, easing 
compliance burdens and modernizing oversight to unlock broader market growth. 
SEC Targets Structured Crypto Oversight in Shift That Could Unlock Massive 
Market Growth U.S. Securities and Exchange Commission (SEC) Chairman Paul S. 
[…]

SEC Testifies on Clear Crypto Oversight, Signaling Major Regulatory Breakthrough for Digital Assets

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Cryptocurrency price in MYR