Ethereum: The Rollercoaster That Makes Your Stomach Drop Faster Than a Bad Date

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Well, strap in, folks, because Ethereum has decided to take us on another one of its thrilling nosedives, this time cracking below the $2,000 mark like it’s trying to set a new world record for financial whiplash. ETH is now consolidating, which is just a fancy way of saying it’s sitting in the corner, sulking, and muttering about how it could’ve been a contender if only it hadn’t tripped over its own trend line.

  • Ethereum tried to climb above $2,020 but apparently forgot its climbing gear, so it tumbled back down like a toddler on a jungle gym.
  • It’s now trading below $2,000 and the 100-hourly Simple Moving Average, which sounds like something you’d find in a yoga class but is actually just a fancy graph line.
  • There’s a bearish trend line forming at $1,980 on the hourly chart of ETH/USD (courtesy of Kraken, who apparently has a side gig in financial doom-saying).
  • If it stays below $2,020, it might just decide to take another plunge, because why not? It’s not like we’ve got anything better to do.

Ethereum’s price dip is like that friend who always shows up late to the party and then spills their drink on the carpet. It failed to stay above $2,050 and started a fresh decline, following Bitcoin’s lead because, let’s face it, Ethereum is the ultimate copycat. It traded below $2,020 and $2,000, officially entering the “bearish zone,” which is just a polite way of saying it’s in a really bad mood.

The pair dipped below the 50% Fib retracement level (which sounds like something out of a sci-fi novel) of the upward move from $1,745 to $2,169. Meanwhile, there’s another bearish trend line forming at $1,980, because one trend line just wasn’t enough drama. The bulls, however, were spotted near $1,900, probably trying to talk some sense into this recalcitrant cryptocurrency.

Ethereum is now trading below $2,000 and the 100-hourly Simple Moving Average, which is basically its way of saying, “I’m not okay, you guys.” If the bulls can keep it together above $1,900, there might be a glimmer of hope for another increase. Immediate resistance is at $1,960, and the trend line is just sitting there, judging everyone.

Ethereum Price Chart

The first key resistance is at $2,000, because why make things easy? The next major resistance is at $2,020, and if it somehow manages to clear that, it might head toward $2,165. An upside break above $2,165 could mean more gains, and in that case, Ether might even hit $2,250 or $2,280. But let’s not get ahead of ourselves-this is Ethereum we’re talking about.

Of course, if Ethereum fails to clear the $2,000 resistance (which, let’s be honest, is entirely possible), it could start another decline. Initial support is at $1,920, and the first major support is at $1,900, or the 61.8% Fib retracement level. A move below $1,850 could send it tumbling toward $1,820, and if things get really messy, we could see $1,750 or even $1,720. Because why stop at one dramatic fall when you can have several?

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone, which is basically its way of saying, “I’m here for the chaos.”

Hourly RSI – The RSI for ETH/USD is now below the 50 zone, which is crypto-speak for “I’m not feeling great about this.”

Major Support Level – $1,900 (because even Ethereum needs a safety net)

Major Resistance Level – $2,020 (the bouncer at the club Ethereum keeps trying to get into)

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2026-02-12 08:07