Ethereum Stalls at $1,900 Again

Ethereum has been steadily recovering from its decline over the past month, but it continues to stall at around $1,900.

The cryptocurrency added ground steadily until recently, climbing about 6% higher than it was four weeks ago. However, the pace of the recovery has slowed down in recent days, and Ethereum's price slipped slightly during the last week.

Despite this, today saw a small uptick in Ethereum's price as it recovered from an intraday low near $1,877 and climbed to around $1,895 before easing back. This steady, orderly bid has kept the monthly recovery alive, but the repeated stall at the same spot is a sign that sellers are stacked there, waiting.

For the recovery to be confirmed as genuine, Ethereum needs to clear the round number of $1,900 with steady buying behind it. If this happens, it could put the next level of $2,000 into view and signal that buyers driving the monthly recovery are still willing to chase price higher.