The price of Ethereum has recently undergone a downward correction, falling below $1,950 against the US Dollar. Currently, Ethereum is testing the $1,900 support level, showing some bearish signs. The price is trading below $1,940 and the 100-hourly Simple Moving Average, and a key bearish trend line is forming with resistance near $1,925.

Ethereum's price failed to surpass the $1,975 resistance, leading to a downward correction. The price fell below the $1,950 level and extended its decline, similar to Bitcoin. The price even dipped below $1,900, forming a low near $1,894. It is now consolidating losses and trading near the 23.6% Fib retracement level of the recent decline from the $1,974 swing high to the $1,894 low.

If Ethereum fails to clear the $1,925 resistance or $1,945, it could continue to decline. The first major support is near the $1,870 level, followed by the $1,820 level. If the price falls below the $1,820 support, it could drop towards the $1,770 support level. On the other hand, a clear move above the $1,945 resistance could push the price towards $1,975. The main resistance is still near the $2,000 level, above which the price could start a decent increase. The next major resistance is near the $2,120 level, and any further gains could send Ether towards the $2,200 resistance.