Ethereum Price Gains are Slowing but Not Likely Over – Here’s Why

• Ethereum price faced resistance near $1,650 against the US Dollar.
• ETH corrected gains but the $1,620 support might spark another upward movement.
• Ethereum is trading above $1,625 and the 100-hourly Simple Moving Average.
• There was a break above a connecting bearish trend line with resistance near $1,625.
• The pair could gain bullish momentum if there is a close above $1,650 and $1,670.
• If Ethereum fails to clear the $1,650 resistance, it could start another decline.
• Initial support on the downside is near the $1,620 level.
• The first key support is close to $1,610.
• The next key support is $1,585.

The sentiment of the article is mostly positive, as it discusses the potential for Ethereum to break resistance levels and gain bullish momentum. However, there is also a mention of the possibility of another decline if the resistance is not cleared.