Ethereum’s price recovered above $2,120 this week but is struggling to clear $2,150. On the hourly chart for ETH against USD on Kraken, a contracting triangle is forming with resistance at that same level. The move higher has stalled, and traders are watching whether the digital asset can push through or will slide back toward support.
$2,150 resistance is the immediate test
The $2,150 mark is key. It lines up with the 61.8% Fibonacci retracement level of the recent decline. So far, Ethereum hasn’t been able to close above it. The next hurdle sits at $2,176. A clean break higher could open the door to $2,220, $2,265, and eventually $2,320. But that depends on buying pressure picking up.
Support levels stack up below
If Ethereum fails to push through $2,150, the downside is well defined. Initial support is near $2,110. Below that, $2,065 and $2,020 come into play. The $2,000 psychological level is also in sight. The main floor, though, is at $1,940. That’s the level that held during the recovery wave. A drop below it would change the picture entirely.
Technical indicators sending mixed signals
The hourly MACD is still in bullish territory but losing momentum. The RSI sits above 50, which suggests some strength, but not enough to break resistance decisively. Ethereum is trading below both the $2,150 resistance and the 100-hourly Simple Moving Average. That’s a caution flag for bulls.
The setup is tight. Either ETH clears $2,150 soon and runs toward $2,176, or it drifts back toward $2,110 and below. The triangle pattern means a breakout — or breakdown — is likely within the next few sessions.
