{"id":143922,"date":"2026-03-23T04:08:12","date_gmt":"2026-03-23T04:08:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=143922"},"modified":"2026-03-23T04:08:12","modified_gmt":"2026-03-23T04:08:12","slug":"ethereum-price-drops-toward-2000-pressure-mounts-on-key-support","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=143922","title":{"rendered":"Ethereum Price Drops Toward $2,000, Pressure Mounts on Key Support"},"content":{"rendered":"

Ethereum price started a sharp decline below the $2,220 zone. ETH is now consolidating above $2,020 and might aim for a recovery wave if it climbs above $2,110.<\/em><\/p>\n

Ethereum started a sharp decline below the $2,200 zone.
\nThe price is trading below $2,120 and the 100-hourly Simple Moving Average.
\nThere are two bearish trend lines forming with resistance at $2,120 and $2,165 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could continue to move down if it stays below the $2,165 resistance.<\/p>\n

Ethereum Price Turns Red<\/h2>\n

Ethereum price failed to stay above $2,220 and started a fresh decline, like Bitcoin<\/a>. ETH price declined below $2,150 and $2,120 to enter a short-term bearish zone.<\/p>\n

The price even spiked below $2,050. A low was formed at $2,025, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. There are also two bearish trend lines forming with resistance at $2,120 and $2,165 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum price is now trading below $2,100 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,025, the price could attempt another increase. Immediate resistance is seen near the $2,080 level.<\/p>\n

The first key resistance is near the $2,120 level or the 100-hourly Simple Moving Average<\/a>. The next major resistance is near the $2,165 level and the second trend line. A clear move above the $2,165 resistance might send the price toward the $2,200 resistance or the 50% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low.<\/p>\n

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

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 $2,300 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,120 resistance, it could start a fresh decline. Initial support on the downside is near the $2,040 level. The first major support sits near the $2,025 zone.<\/p>\n

A clear move below the $2,025 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 $1,880.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Level \u2013 $2,025<\/p>\n

Major Resistance Level \u2013 $2,120<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price started a sharp decline below the $2,220 zone. ETH is now consolidating above $2,020 and might aim for a recovery wave if it climbs above $2,110. Ethereum started a sharp decline below the $2,200 zone. The price is trading below $2,120 and the 100-hourly Simple Moving Average. There are two bearish trend lines […]<\/p>\n","protected":false},"author":0,"featured_media":143923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-143922","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\/143922"}],"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=143922"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/143922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/143923"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=143922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=143922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=143922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}