{"id":140141,"date":"2026-03-06T03:18:56","date_gmt":"2026-03-06T03:18:56","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=140141"},"modified":"2026-03-06T03:18:56","modified_gmt":"2026-03-06T03:18:56","slug":"ethereum-price-corrects-gains-drifts-toward-key-support-zone","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=140141","title":{"rendered":"Ethereum Price Corrects Gains, Drifts Toward Key Support Zone"},"content":{"rendered":"

Ethereum price started a fresh increase and tested $2,200. ETH is now correcting gains and might decline further if it trades below $2,030.<\/em><\/p>\n

Ethereum started a downside correction below the $2,120 zone.
\nThe price is trading above $2,065 and the 100-hourly Simple Moving Average.
\nThere is a key bullish trend line forming with support at $2,030 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh decline if it stays below the $2,135 zone.<\/p>\n

Ethereum Price Starts Downside Correction<\/h2>\n

Ethereum price started a fresh increase above the $2,065 resistance, like Bitcoin<\/a>. ETH price rallied above the $2,120 and $2,150 resistance levels.<\/p>\n

The bulls even pumped the price above $2,180. A high was formed at $2,200 before there was a downside correction<\/a>. The price dipped below $2,120 and tested the 50% Fib retracement level of the upward move from the $1,929 swing low to the $2,200 high.<\/p>\n

Ethereum price is now trading above $2,065 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,030 on the hourly chart of ETH\/USD.<\/p>\n

<\/a><\/p>\n

If the bulls remain in action above $2,030, the price could attempt another increase. Immediate resistance is seen near the $2,100 level. The first key resistance is near the $2,135 level. The next major resistance is near the $2,150 level. A clear move above the $2,150 resistance might send the price toward the $2,200 resistance. An upside break above the $2,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term.<\/p>\n

More Losses In ETH?<\/h2>\n

If Ethereum fails to clear the $2,135 resistance, it could start a fresh decline. Initial support on the downside is near the $2,065 level. The first major support sits near 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.<\/p>\n

A clear move below the $2,030 support might push the price toward the $2,000 support. Any more losses might send the price toward the $1,965 region. The main support could be $1,920.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n

Hourly RSI \u2013 <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n

Major Support Level \u2013 $2,030<\/p>\n

Major Resistance Level \u2013 $2,135<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a fresh increase and tested $2,200. ETH is now correcting gains and might decline further if it trades below $2,030. Ethereum started a downside correction below the $2,120 zone. The price is trading above $2,065 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at […]<\/p>\n","protected":false},"author":0,"featured_media":140142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-140141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/140141"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=140141"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/140141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/140142"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=140141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=140141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=140141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}