Ethereum recovers above $2,020, eyes $2,150 resistance
Ethereum rebounds above $2,020 after a $1,936 low. Bulls eye $2,150–$2,200; failure there risks a pullback.
Price recovered from $1,936 and cleared $2,050. It also broke a bearish trend line near $2,060 on the hourly chart and reclaimed the 50% Fib of the $2,198 to $1,936 drop, per NewsBTC’s read. Bitcoin showed a similar pattern.
Ethereum trades above $2,020 and the 100-hour SMA. NewsBTC notes the bullish bias holds while above that average.
Immediate resistance sits at $2,120. Key level is $2,150, aligning with the 76.4% Fib of the $2,198 to $1,936 move. A break over $2,200 opens $2,250. Then $2,320–$2,350.
If buyers fail at $2,120–$2,150, watch the downside. First support is $2,050. Next is $2,020. Then $1,980 and $1,950. Main support sits at $1,880.
Indicators point up. Hourly MACD strengthens above zero. RSI holds above 50.
- Major support: $2,050; then $2,020
- Major resistance: $2,150; then $2,200
- Context: pattern tracked by NewsBTC ETH analysis; Bitcoin backdrop via NewsBTC
