Ethereum Price Pressured at $2,150, Bulls Fight to Clear Hurdle

Ethereum price pressured at $2,150, bulls fight to clear hurdle. Ethereum started a decent upward move above the $2,020 zone.

Ethereum Price Faces Rejection

Ethereum price extended its recovery wave above $2,020, beating Bitcoin. ETH price was able to surpass the $2,050 and $2,065 resistance levels.

Key Resistance Levels

• Immediate resistance is seen near the $2,120 level
• The first key resistance is near the $2,150 level or the 83.2% Fib retracement level
• The next major resistance is near the $2,200 level

Ethereum Price Analysis

The price reacted to the downside below $2,120. There was a break below a short-term contracting triangle with support at $2,135 on the hourly chart of ETH/USD.

Technical Indicators

The Hourly MACD for ETH/USD is gaining momentum in the bearish zone. The Hourly RSI for ETH/USD is now below the 50 zone.

Market Outlook

A clear move above the $2,200 resistance might send the price toward the $2,250 resistance. An upside break above the $2,250 region might call for more gains in the coming days.

Key Takeaways

• Ethereum price is struggling to clear $2,150 resistance
• Bulls are fighting to push the price above $2,150
• A break below $2,050 support might push the price toward $2,000
• The main support could be $1,920

Frequently Asked Questions

What is the current Ethereum price?

The current Ethereum price is above $2,050, with a resistance level at $2,150.

What are the key resistance levels for Ethereum?

The key resistance levels for Ethereum are $2,120, $2,150, and $2,200.