NewsBTC

Mar 12, 2026 upd. 11 Jun

Bears defend $2,080, Ethereum risks drop toward $1,980 support

ETH stalls at $2,080; $2,000 channel support holds

Ethereum bounced above $2,020 and the 100‑hour SMA but failed to clear $2,080. Another rejection keeps near‑term downside risk intact source.

ETH reclaimed $1,965 and $2,000, then spiked to $2,090. Sellers capped gains and knocked it back under $2,050 source.

A declining channel supports at $2,000 on the hourly ETH/USD chart using Kraken data source. ETH’s rebound also echoed Bitcoin strength noted by NewsBTC analysis.

• Immediate resistance at $2,055 and $2,080, the 61.8% Fib of $2,200 to $1,912 source
• Breaks above $2,135 and $2,150 open $2,200 to $2,220 source
• Failure below $2,050 keeps risk to $2,000 and $1,980, then $1,910, $1,880, $1,840 source
• Hourly MACD in bearish momentum; RSI below 50 source

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