Ethereum Price Eyes $2,120 Breakout After Reclaiming $2,000

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

Abstract

Ethereum's price has established a base and successfully reclaimed the $2,000 level, rallying past key resistances at $1,960 and $2,050 to reach a high of $2,089. Following a minor correction, ETH is now trading above $1,960 and the 100-hourly Simple Moving Average, with a bullish channel forming on the hourly chart. Key resistance levels are at $2,080 and $2,120; a break above the latter could propel the price toward $2,155 and potentially $2,220–$2,250. If it fails to surpass $2,080, a decline may occur, with initial support at $1,990, followed by major support at $1,960. A break below $1,960 could lead to further losses toward $1,930 or even $1,840.

The price of Ethereum has managed to form a base, and the price surpassed the $1,920 resistance, similar to Bitcoin. The price of ETH rallied over the $1,960 and $2,000 resistance levels.

Not only this, but the bulls also pushed the price over $2,050. The high was witnessed at $2089 before having a downside correction. After this, the price went below $2,020 and the 38.2% Fib retracement level of the upward move from the $1,835 swing low to the $2,089 high before the bulls formed.

In the current scenario, the price of Ethereum is trading over $1,960 and the 100-hourly Simple Moving Average. There is also a prominent surging channel developing with support at $1,960 on the hourly chart of ETH/USD. If the bulls stay in action over $1,960, the price could go for one more surge. Quick resistance is witnessed around the $2,040 level.

What Are The Technical Indicator Suggestions?

Talking about technical indicators, the first key resistance is around the $2,080 level. The upcoming prominent resistance is around the $2,120 level. A clear move above the $2,120 resistance might send the price toward the $2,155 resistance. An upside break over the $2,155 region may introduce more gains in the upcoming days.

In the said situation, Ether could surge toward the $2,220 resistance zone or even $2,250 in the near term. If ETH is not able to clear the $2,080 resistance, it could lead to a fresh decline.

Initial support on the downside is around the $1,990 level. The first prominent support sits around the $1,960 zone or the Fib retracement level of the upward move from the $1,835 swing low to the $2,089 high.

A clear move going down to the $1,960 support might push the price toward the $1,930 support. Any more losses might push the price toward the $1,880 region. The main support could be $1,840.

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Related Questions

QWhat key resistance level must Ethereum break to potentially reach $2,155?

AEthereum must break the $2,120 resistance level to potentially reach the $2,155 resistance.

QWhat is the immediate support level for Ethereum mentioned in the article?

AThe immediate support level for Ethereum is around the $1,990 level.

QWhat technical pattern is forming on the hourly chart of ETH/USD according to the article?

AA prominent surging channel is developing with support at $1,960 on the hourly chart of ETH/USD.

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

AEthereum reached a high of $2,089 before experiencing a downside correction.

QWhat could happen if Ethereum fails to clear the $2,080 resistance level?

AIf Ethereum fails to clear the $2,080 resistance level, it could lead to a fresh decline.

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