{"id":148681,"date":"2026-04-09T03:18:11","date_gmt":"2026-04-09T03:18:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=148681"},"modified":"2026-04-09T03:18:11","modified_gmt":"2026-04-09T03:18:11","slug":"ethereum-price-clings-to-2120-can-bulls-drive-fresh-surge","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=148681","title":{"rendered":"Ethereum Price Clings to $2,120, Can Bulls Drive Fresh Surge?"},"content":{"rendered":"

Ethereum price extended gains above $2,265 before it started a downside correction. ETH is now correcting gains and might find bids near the $2,120 zone.<\/em><\/p>\n

Ethereum started a decent upward move above the $2,250 zone.
\nThe price is trading above $2,150 and the 100-hourly Simple Moving Average.
\nThere is a declining channel forming with resistance at $2,220 on the hourly chart of ETH\/USD (data feed via Kraken).
\nThe pair could start a fresh increase if it stays above the $2,120 zone.<\/p>\n

Ethereum Price Corrects Some Gains<\/h2>\n

Ethereum price remained stable above $2,150 and started a decent upward move, like Bitcoin<\/a>. ETH price climbed above the $2,165 and $2,200 resistance levels.<\/p>\n

The bulls pumped the price above $2,250. A high was formed at $2,274 before the price started a downside correction. The price dipped below $2,200. There was a move below the 38.2% Fib retracement level of the upward move from the $2,059 swing low to the $2,274 high.<\/p>\n

Ethereum price is now trading above $2,150 and the 100-hourly Simple Moving Average<\/a>. If the bulls remain in action above $2,120, the price could attempt another increase.<\/p>\n

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

Immediate resistance is seen near the $2,200 level. The first key resistance is near the $2,220 level. There is also a declining channel forming with resistance at $2,220 on the hourly chart of ETH\/USD. The next major resistance is near the $2,250 level. A clear move above the $2,250 resistance might send the price toward the $2,320 resistance. An upside break above the $2,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,400 resistance zone or even $2,450 in the near term.<\/p>\n

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

If Ethereum fails to clear the $2,220 resistance, it could start a fresh decline. Initial support on the downside is near the $2,165 level or the 50% Fib retracement level of the upward move from the $2,059 swing low to the $2,274 high.<\/p>\n

The first major support sits near the $2,120 zone. A clear move below the $2,120 support might push the price toward the $2,080 support. Any more losses might send the price toward the $2,050 region. The main support could be $2,020.<\/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 $2,120<\/p>\n

Major Resistance Level \u2013 $2,220<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum price extended gains above $2,265 before it started a downside correction. ETH is now correcting gains and might find bids near the $2,120 zone. Ethereum started a decent upward move above the $2,250 zone. The price is trading above $2,150 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":148682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-148681","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\/148681"}],"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=148681"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/148681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/148682"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=148681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=148681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=148681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}