ETH/USD daily chart

While ether struggles to break above $190 resistance level against the US dollar, Bollinger Bands signal that the major price move is imminent in the near future. ETH is squeezed within a very narrow corridor and the price fluctuates no more than 5% this month. If Ethereum fails to stay above the $180 support area, where 50-day moving average currently lies, there is a high possibility of a rapid price drop. In a bullish scenario, ETH can go up to $202, according to Fibonacci Retracement level (23%).