Ethereum dips to $2,016, $2,000 support faces breakdown risk
Ethereum slips below $2,120 and tags $2,016. Rebounds fade under $2,075–$2,120; $2,000 support is in play.
Selling started from $2,150 after a failed push higher. Ethereum broke a bullish hourly trend line near $2,075 and trades below the 100-hour SMA. The move mirrors weakness in Bitcoin (NewsBTC).
Price printed $2,016, then reclaimed the 23.6% Fib of the $2,167–$2,016 drop, but sellers defended $2,075. ETH stays below $2,065 and the 100-hour SMA (NewsBTC).
Key levels:
- Resistance: $2,075, $2,100 (50% Fib of $2,167–$2,016), $2,120, $2,150 (NewsBTC)
- Support: $2,020, $2,000, $1,980, $1,965, main $1,920 (NewsBTC)
Momentum stays bearish. Hourly MACD builds downside; RSI sits below 50 (NewsBTC). A clean break above $2,120 opens $2,150, then $2,220–$2,250. A drop below $2,000 exposes $1,980 and $1,965.
