Ethereum Price Eyes $2,200 as Bulls Hold Key $2,030 Support

TheNewsCryptoPublished on 2026-03-06Last updated on 2026-03-06

Abstract

Ethereum's price surged past key resistance levels at $2,065, $2,120, and $2,150, reaching a high of $2,200 before undergoing a correction to $2,120. It is currently trading above $2,077 and the 100-hour simple moving average, with a crucial bullish trend line support at $2,030. If this support holds, ETH could attempt another increase toward resistances at $2,100, $2,135, and $2,150. A break above $2,150 may push the price toward $2,200 and potentially $2,250 or $2,320. However, failure to surpass $2,135 could lead to a decline, with initial support at $2,065, followed by major support at $2,030. A break below $2,030 might bring the price down to $2,000 or even $1,965, with key support at $1,920.

The price of Ethereum showed a fresh surge over the $2,065 resistance, similar to Bitcoin. The price of ETH rallied over the $2,120 and $2,150 resistance levels. The bulls also pushed the price to surpass $2,180.

A high was made at $2,200 before showing a downside correction. The price slipped down to $2,120 and tested the 50% Fib retracement level of the upward move from the $1,929 swing low to the $2,200 high.

At the time of writing, the price of ETH is trading over $2,077 and the 100-hour simple moving average. There is also a prominent bullish trend line with support at $2,030 on the hourly chart of ETH/USD.

If the bulls still stay in action over $2,030, the price could try one more increase. A quick resistance is witnessed around the $2,100 level. The first key resistance hovers around the $2,135 level, and the next key resistance sits around the $2,150 level.

The resistance and the support levels

A clear shift over the $2,150 resistance might send the price toward the $2,200 resistance. An upside break over the $2,200 region may captivate further gains in the near future. In the mentioned situation, Ether could increase toward the $2,250 resistance zone or even $2,320 in the coming days.

If Ethereum isn’t able to clear the $2,135 resistance, it could witness a fresh decline. The starting support is on the downside in around the $2,065 level. The first prominent support sits around the $2,030 zone, the trend line, and the 61.8% Fib retracement level of the upward move from the $1,929 swing low to the $2,200 high.

A clear move down the $2,030 support might take the price toward the $2,000 support. Posing any further loss may take the price to the $1,965 region. The main support could be $1,920.

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Related Questions

QWhat is the key support level that Ethereum bulls are currently holding?

AThe key support level that Ethereum bulls are currently holding is $2,030.

QWhat was the high price Ethereum reached before undergoing a downside correction?

AEthereum reached a high of $2,200 before undergoing a downside correction.

QWhat is the first major resistance level that Ethereum needs to clear for a potential rally towards $2,200?

AThe first major resistance level that needs to be cleared is $2,150 for a potential rally towards $2,200.

QWhat is the significance of the $2,030 level on the ETH/USD hourly chart?

AOn the ETH/USD hourly chart, the $2,030 level is a prominent bullish trend line support and the 61.8% Fib retracement level of the upward move.

QWhat could be the next major support level if Ethereum breaks below the $2,030 support?

AIf Ethereum breaks below the $2,030 support, the next major support level could be $1,920.

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