NewsBTC
Feb 11, 2026
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BEARISH 📉 : Ethereum risks decline below $1,980 with bearish momentum

Ethereum Price Analysis

  • Ethereum's price recovery above $2,000 was short-lived as it faces resistance and potential decline.
  • The cryptocurrency struggled to maintain gains above $2,120 and is currently trading below $2,050 and the 100-hourly SMA.
  • A contracting triangle with resistance at $2,040 is forming on the hourly ETH/USD chart.
  • Failure to breach the $2,120 resistance could lead to further declines.

Market Dynamics

  • After forming a base above $1,950, Ethereum spiked to $2,168 before correcting lower.
  • The price dropped below $2,050 and tested the 38.2% Fibonacci retracement level from the $1,745 low.
  • If bullish momentum persists above $2,000, there might be attempts to break above $2,065 and potentially reach $2,165 or higher.

Ethereum Price

Potential Decline

  • If resistance at $2,065 holds, Ethereum may see another drop.
  • Initial support lies around $2,000, with major support at $1,950, aligning with the 50% Fib retracement level from the recent low of $1,745.
  • A break below $1,950 could push prices towards $1,900 or even $1,850.

Technical Indicators

  • Hourly MACD: Bearish momentum is increasing.
  • Hourly RSI: Currently below the 50 mark, indicating potential further downside.
  • Major Support Level: $2,000
  • Major Resistance Level: $2,065