Ethereum fails to clear $2,090, risks decline toward $1,990 support

ETH stalls at $2,090. Rejection risks drop to $1,990.

Ethereum rebounded above $2,000 but failed to clear $2,090. Price sits above $2,020 and the 100‑hour SMA, yet momentum is weak (NewsBTC).

ETH cleared $2,020 and the 50% Fib of the $2,200 → $1,912 drop, then pulled back below $2,050. An expanding triangle holds support at $2,020 on the hourly chart (source).

• Immediate resistance: $2,050. Key barrier: $2,090 (61.8% Fib of $2,200 → $1,912) (source).
• Breakouts to watch: $2,150, then $2,220. Above $2,220 opens $2,265 and $2,320 (source).
• Supports: $2,020, then $1,990. Below $1,990 targets $1,925, $1,880, key $1,840 (source).

Indicators point soft: hourly MACD in bearish territory, RSI below 50 (NewsBTC).

ETH’s bounce followed a Bitcoin recovery earlier this week (NewsBTC).