Ethereum’s price has begun to rise, moving above $2,120. It’s currently stabilizing above $2,140, but is facing difficulty breaking through the $2,200 resistance level.
- Ethereum started a recovery wave above the $2,150 zone.
- The price is trading above $2,120 and the 100-hourly Simple Moving Average.
- There is a new bearish trend line with forming resistance at $2,175 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start a fresh decline if it stays below the $2,205 resistance.
Ethereum Price Faces Resistance
Similar to Bitcoin, Ethereum’s price held above $2,050 and began to rise. It successfully broke through resistance levels at $2,080 and $2,120.
The price rose above a key Fibonacci retracement level at $2,200, which often signals a potential upward move. However, sellers are stepping in around that same price point. Additionally, a new downward trend line is forming, creating resistance around $2,175 on the hourly chart.
Ethereum’s price is currently above $2,140 and also above its 100-hour average. If buying pressure continues above $2,100, the price might try to rise further. The next significant price hurdle is around $2,175, along with a key trend line.
The price is initially facing resistance around $2,205, which also corresponds to a key Fibonacci retracement level. This level is calculated using the recent price swing from a high of $2,385 down to a low of $2,025.
The price is currently facing resistance around $2,250. If it breaks above this level, it could climb towards $2,300. A further increase past $2,300 could lead to additional gains, potentially reaching $2,345 or even $2,365 in the short term.
Another Drop In ETH?
If Ethereum doesn’t break past the $2,175 mark, its price might start to fall. It could first find some support around $2,120, with a stronger support level near $2,100.
If the price falls below $2,100, it could drop to $2,065, and potentially even lower to around $2,020. The key support level to watch is $2,000.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone.
Major Support Level – $2,065
Major Resistance Level – $2,175
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2026-03-26 07:00