Ethereum Struggles above $1,800 Support as Sellers Threaten to Short

[Fawpac2]

Following the rejection at the $2,000 overhead resistance, the selling pressure extended to the low of $1,740 on March 15. Immediately, the bulls buy the dips to push Ether upward as price reaches the high of $1,820.
A further upward move has been impeded by the bears. For the past three days, the bulls and bears have been in price tussles between $1,740 and $1,820. Today, the bulls have broken the minor resistance at $1,820 but were subsequently repelled at $1.840.
Ethereum is falling after rejection from the $1,840 high. If the altcoin recovers from this fall and breaks the $1,840 resistance, the bulls are likely to retest or break the $1.940 or 2,000 overhead resistances. Conversely, if the current downturn continues and the bears break the previous low at $1,740, the market is likely to decline to a $1,680 low. Meanwhile, ETH has fallen to $1,812 at the time of writing. Source