{"id":145109,"date":"2026-03-27T03:18:14","date_gmt":"2026-03-27T03:18:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=145109"},"modified":"2026-03-27T03:18:14","modified_gmt":"2026-03-27T03:18:14","slug":"ethereum-price-drops-near-2020-downside-pressure-continues-to-build","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=145109","title":{"rendered":"Ethereum Price Drops Near $2,020, Downside Pressure Continues to Build"},"content":{"rendered":"

Ethereum price failed to clear the $2,200 zone and declined. ETH is now consolidating above $2,020 and might struggle to start a recovery wave.<\/em><\/p>\n

Ethereum started a fresh decline from the $2,200 zone.
\nThe price is trading below $2,120 and the 100-hourly Simple Moving Average.
\nThere is a key bearish trend line forming with resistance at $2,135 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh decline if it stays below the $2,120 resistance.<\/p>\n

Ethereum Price Dips Further<\/h2>\n

Ethereum price failed to stay above $2,150 and started a fresh decline, like Bitcoin<\/a>. ETH price dipped below $2,120 and $2,080 to enter a bearish zone.<\/p>\n

The bears even pushed the price toward $2,020. A low was formed at $2,032, and the price is now consolidating losses near the 23.6% Fib retracement level of the downward move from the $2,199 swing high to the $2,032 low. There is also a key bearish trend line forming with resistance at $2,135 on the hourly chart of ETH\/USD.<\/p>\n

Ethereum price is now trading below $2,120 and the 100-hourly Simple Moving Average<\/a>. If the bulls remain in action above $2,020, the price could attempt another increase. Immediate resistance is seen near the $2,100 level.<\/p>\n

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

The first key resistance is near the $2,120 level or the 50% Fib retracement level of the downward move from the $2,199 swing high to the $2,032 low. The next major resistance is near the $2,135 level and the trend line. A clear move above the $2,135 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 $2,245 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 $2,050 level. The first major support sits near the $2,020 zone.<\/p>\n

A clear move below the $2,020 support might push the price toward the $1,980 support. Any more losses might send the price toward the $1,950 region. The main support could be $1,880.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 <\/strong>The MACD for ETH\/USD is losing 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 $2,020<\/p>\n

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

Ethereum price failed to clear the $2,200 zone and declined. ETH is now consolidating above $2,020 and might struggle to start a recovery wave. Ethereum started a fresh decline from the $2,200 zone. The price is trading below $2,120 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":145110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-145109","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\/145109"}],"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=145109"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/145109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/145110"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=145109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=145109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=145109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}