NewsBTC
Mar 4, 2026
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BEARISH 📉 : Ethereum risks further decline below $1,920 after resistance failure

Ethereum price experienced a fresh increase but faced resistance near $2,080. It is now correcting and might decline further below $1,920.

  • The price corrected from the $2,080 zone and is trading below $1,950 and the 100-hourly Simple Moving Average.
  • A rising channel with support at $1,960 is forming on the hourly ETH/USD chart.
  • If Ethereum remains below the $2,050 zone, it could start a fresh decline.

Price Movements

  • Ethereum attempted to rise above the $2,000 resistance, similar to Bitcoin.
  • The price reached a high of $2,089 before correcting downward below $2,000.
  • It dipped below the 50% Fib retracement level from the $1,835 swing low to the $2,089 high.
  • Currently trading above $1,960 and the 100-hourly SMA with support at $1,960.

Ethereum Price

Potential Scenarios

  • If bulls hold above $1,920, resistance levels include $2,020, $2,050, and $2,080.
  • A move above $2,080 could lead to $2,120 or even $2,200-$2,220.

Possible Decline

  • If unable to surpass $2,050, initial support lies near $1,960.
  • Major support is around $1,932, with potential declines to $1,895, $1,850, or $1,820.

Technical Indicators

  • MACD: Gaining momentum in the bearish zone.
  • RSI: Below the 50 zone.
  • Major Support Level: $1,932
  • Major Resistance Level: $2,050