Ethereum (ETH) climbed past the $2,050 mark in a recovery wave that outpaced Bitcoin (BTC), but sellers at the $2,150 resistance level forced a retreat that now threatens to erase those gains.
ETH Recovery Stalls at $2,150
The rally pushed ETH above the $2,050 and $2,065 resistance levels, clearing the 61.8% Fibonacci retracement of the decline from $2,198 to $1,936. Bears stepped in near $2,150 and drove the price back below $2,120.
A short-term contracting triangle on the hourly ETH/USD chart, tracked via Kraken data, broke to the downside at the $2,135 support line. ETH still trades above the 100-hourly simple moving average. The pair needs to hold $2,050 for any renewed push higher.
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ETH Resistance Levels & Downside Risk
If buyers reclaim $2,150 — the 83.2% Fib retracement of the same swing — the next targets sit at $2,200 and $2,250. A break above $2,250 opens a path toward $2,320 or even $2,350.
Failure to clear $2,150 could send ETH back toward $2,080 and then $2,050. A drop below that floor exposes $2,000, with deeper support near $1,965 and $1,920.
Hourly technical indicators lean bearish. The MACD is gaining downside momentum, and the RSI sits below 50.
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