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>>Ethereum’s price is rejected again, with the market closely monitoring a crucial support level.

Ethereum’s price is rejected again, with the market closely monitoring a crucial support level.

crypthub

3/11/2026, 3:31:17 AM

Current Price Action

Ethereum is trading just above $2,000 and remains above its 100‑hourly SMA. The market formed an expanding triangle with support near $2,020 on the hourly chart. Prices struggled to break the $2,090 resistance, keeping the pair vulnerable to a near‑term pullback. A clear move above $2,020 could rekindle bullish momentum.

Resistance and Support Zones

Immediate resistance sits around $2,050, followed by a stronger barrier at $2,090 (61.8% Fib). Higher levels to watch are $2,150, $2,220 and potentially $2,265‑$2,320 if the uptrend resumes. On the downside, initial support is $2,020, with primary zones at $1,990 and $1,925. A break below $1,990 could expose the price to $1,880 and a major floor near $1,840.

Technical Indicators

The hourly MACD shows increasing momentum in the bearish zone, while the RSI has slipped below 50, indicating weakening strength. These signals suggest caution despite the recent recovery. Traders should monitor the $2,090 pivot for direction, as it may dictate short‑term price paths.