Ethereum

Convergence

Resistance

Divergence

<p style="font-weight: 400;">Ethereum price is attempting to move back towards its all-time highs, and this has started conversations around a potential breakout. ETH is trying to move above its major resistance levels, but the $2,020 hurdle is still proving quite difficult. Is another plunge back down around the corner?</p> 
<figure id="attachment_52253" aria-describedby="caption-attachment-52253" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="wp-image-52253 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/Qubetics-is-728x90-1-8.jpg" alt="Ethereum price" width="728" height="90" title="Ethereum Price Recovery: Will ETH Sustain Above $2,020? 42" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/Qubetics-is-728x90-1-8.jpg 728w, https://thebitjournal.b-cdn.net/wp-content/uploads/2024/10/Qubetics-is-728x90-1-8-300x37.jpg 300w" sizes="(max-width: 728px) 100vw, 728px">
 <figcaption id="caption-attachment-52253" class="wp-caption-text">
  Ethereum price
 </figcaption>
</figure> 
<h2 style="font-weight: 400;" id="strong-ethereum-shows-recovery-but-struggles-strong"><strong>Ethereum Shows Recovery But Struggles&nbsp;</strong></h2> 
<p style="font-weight: 400;">An increase in the price of Ethereum was visible as it surged beyond the $1,880 mark. Ethereum had a strong four-hourly candlestick, as it managed to not only break the psychological barrier of $1,820 but also establish itself above the $1,920 mark. Every prominent crypto analyst has suggested that Ethereum is currently following Bitcoin, which is a trend that many investors are happy about.</p> 
<blockquote> 
 <p style="font-weight: 400;"><em>“Recovery above $1,950 looked good, but the tougher battle remains at $2,020,” Jindal told us.</em></p> 
</blockquote> 
<figure id="attachment_104438" aria-describedby="caption-attachment-104438" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="wp-image-104438 size-full" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2025/03/8A2D255C-1916-4BA0-B148-947BF21E8905.jpeg" alt="Ethereum price analysis " width="1280" height="720" title="Ethereum Price Recovery: Will ETH Sustain Above $2,020? 43" srcset="https://thebitjournal.b-cdn.net/wp-content/uploads/2025/03/8A2D255C-1916-4BA0-B148-947BF21E8905.jpeg 1280w, https://thebitjournal.b-cdn.net/wp-content/uploads/2025/03/8A2D255C-1916-4BA0-B148-947BF21E8905-300x169.jpeg 300w, https://thebitjournal.b-cdn.net/wp-content/uploads/2025/03/8A2D255C-1916-4BA0-B148-947BF21E8905-1024x576.jpeg 1024w, https://thebitjournal.b-cdn.net/wp-content/uploads/2025/03/8A2D255C-1916-4BA0-B148-947BF21E8905-768x432.jpeg 768w, https://thebitjournal.b-cdn.net/wp-content/uploads/2025/03/8A2D255C-1916-4BA0-B148-947BF21E8905-860x484.jpeg 860w" sizes="(max-width: 1280px) 100vw, 1280px">
 <figcaption id="caption-attachment-104438" class="wp-caption-text">
  Ethereum price analysis
 </figcaption>
</figure> 
<p style="font-weight: 400;">Ethereum price has currently dipped below the $1,950 mark along with the 100-hourly Simple Moving Average. Given the current dip, Ethereum is highly volatile, with the $2,020 mark keeping bullish orders in check for the time being.</p> 
<p style="font-weight: 400;"><strong>Key Levels for Ethereum Price:</strong></p> 
<table style="font-weight: 400;"> 
 <thead> 
  <tr> 
   <td><strong>Support Levels</strong></td> 
   <td><strong>Resistance Levels</strong></td> 
  </tr> 
 </thead> 
 <tbody> 
  <tr> 
   <td>$1,980</td> 
   <td>$2,020</td> 
  </tr> 
  <tr> 
   <td>$1,950</td> 
   <td>$2,040</td> 
  </tr> 
  <tr> 
   <td>$1,880</td> 
   <td>$2,120</td> 
  </tr> 
  <tr> 
   <td>$1,850</td> 
   <td>$2,150</td> 
  </tr> 
 </tbody> 
</table> 
<h2 style="font-weight: 400;" id="strong-will-ethereum-break-through-the-2-020-barrier-strong"><strong>Will Ethereum Break Through the $2,020 Barrier?</strong></h2> 
<p style="font-weight: 400;">Ethereum price needs to cross the crucial resistance levels of $2020 and $2040 for it to change its momentum positively. As per the Kraken data, the level of $2040 is in sync with the 76.4% retracement level on the fib of the bearish wave from $2068 to $1936 dollars.</p> 
<p style="font-weight: 400;">Should the Ethereum price break these resistance levels, analysts estimate the price could increase to $2120 and possibly $2150. With these levels; the continued strength of bullish sentiment could take ETH to $2250.</p> 
<p style="font-weight: 400;">The technical picture is not so clear regarding this issue. Ethereum, as per TradingView, shows RSI crossing 50, which indicates a possible bullish trend. However, MACD stands in the weaker bullish signals, thus caution has to be taken.</p> 
<p style="font-weight: 400;"><strong>Ethereum Technical Indicators Summary:</strong></p> 
<table style="font-weight: 400;"> 
 <thead> 
  <tr> 
   <td><strong>Indicator</strong></td> 
   <td><strong>Current Status</strong></td> 
  </tr> 
 </thead> 
 <tbody> 
  <tr> 
   <td>Relative Strength Index</td> 
   <td>Above 50 (Bullish)</td> 
  </tr> 
  <tr> 
   <td>Moving Average Convergence Divergence (MACD)</td> 
   <td>Weak bullish momentum</td> 
  </tr> 
  <tr> 
   <td>100-Hour Simple Moving Average</td> 
   <td>Below price (Bearish)</td> 
  </tr> 
 </tbody> 
</table> 
<h2 style="font-weight: 400;" id="strong-risks-of-another-downside-drop-strong"><strong>Risks of Another Downside Drop</strong></h2> 
<p style="font-weight: 400;">If Ethereum doesn’t get past the $2,020 resistance barrier, the potential for a downside correction remains a possibility. Support levels look to come in at $1,980 to $1,950 based on Kraken’s information..</p> 
<p style="font-weight: 400;">A fall under $1,950 might drive ETH down to $1,880, where the next major support region is at $1,850. If the decline continues, the market may test panic levels at $1,800.</p> 
<blockquote> 
 <p style="font-weight: 400;"><em>Ethreum isn’t showing signs of dropping below that. “Ethereum’s recovery is promising, but if it cannot break $2,020, recapturing momentum will be hard,” speculated crypto researcher Priya Sharma. </em></p> 
</blockquote> 
<p style="font-weight: 400;"><em>&nbsp;</em></p> 
<h2 style="font-weight: 400;" id="strong-ethereum-price-prediction-strong"><strong>Ethereum Price Prediction </strong></h2> 
<p style="font-weight: 400;">Ethereum price is at a critical juncture. Price movement above $2,020 will mark the start of a bull run but without the support of $1,950 it can’t climb too high. Investors are encouraged to watch macroeconomic factors, and general conditions impacting the crypto space.</p> 
<p style="font-weight: 400;"><strong>Ethereum Price Scenarios:</strong></p> 
<table style="font-weight: 400;"> 
 <thead> 
  <tr> 
   <td><strong>Scenario</strong></td> 
   <td><strong>Price Impact</strong></td> 
  </tr> 
 </thead> 
 <tbody> 
  <tr> 
   <td>Breakout above $2,020</td> 
   <td>Bullish move toward $2,120 or $2,250</td> 
  </tr> 
  <tr> 
   <td>Failure to clear $2,020 resistance</td> 
   <td>Drop to $1,950 or $1,880</td> 
  </tr> 
  <tr> 
   <td>Break below $1,950</td> 
   <td>Decline to $1,850 or $1,800</td> 
  </tr> 
 </tbody> 
</table> 
<h2 style="font-weight: 400;" id="strong-conclusion-strong"><strong>Conclusion </strong></h2> 
<p style="font-weight: 400;">Ethereum is standing on the fence. Its current price is teasing an upward breakout above the $2,020 resistance. Although the recovery above $1,880 is favorable, the failure to break above $2,020 may trigger a return towards $1,950 or lower.</p> 
<p style="font-weight: 400;">Ethereum investors are carefully monitoring the price pattern because above $2020 breach may initiate bullish momentum, which could shoot up the price of ETH to $2,150. On the other hand, if the price does not break such a prominent resistance, it is likely to result in a downward shift which revisits support at $1,880 and $1850. Keep following <a href="https://thebitjournal.com/">The Bit Journal</a> and keep an eye on Ethereum price.</p> 
<h3 style="font-weight: 400;" id="strong-faqs-strong"><strong>FAQs</strong></h3> 
<ol> 
 <li> <h4><strong>How does Ethereum price perform in the market in the short term? </strong></h4> </li> 
</ol> 
<p style="font-weight: 400;">At the moment Ethereum has a resistance close to $2020. If it breaks, there is potential for the price to reach $2120 and even higher. But if this level remains unbroken, then the price will likely slide downwards to $1880.</p> 
<ol start="2"> 
 <li> <h4><strong>Is Ethereum a smart buy in current market condition? </strong></h4> </li> 
</ol> 
<p style="font-weight: 400;">Ethereum price is seeing recovery which is good to see. However these levels of resistance $2020 and support $1950 should be monitored closely. Several factors will determine how ETH will move.</p> 
<h2 style="font-weight: 400;" id="strong-glossary-of-key-terms-strong"><strong>Glossary of Key Terms</strong></h2> 
<ol> 
 <li style="font-weight: 400;">Fibonacci retracement – A technique that analyzes the price action of a certain asset with the aim of estimating probable support and resistance levels.</li> 
</ol> 
<ol start="2"> 
 <li style="font-weight: 400;">Relative strength index (RSI) – An indicator that gauges the speed and the price movement change as momentum.</li> 
</ol> 
<ol start="3"> 
 <li style="font-weight: 400;">Simple moving average (SMA)- This is an indicator that shows the price average during a certain time period of interest.</li> 
</ol> 
<ol start="4"> 
 <li style="font-weight: 400;">MACD (Moving average convergence divergence): A trend indicator that relies on the two moving averages for estimation.</li> 
</ol> 
<h3 style="font-weight: 400;" id="strong-references-strong"><strong>References</strong></h3> 
<ol style="font-weight: 400;"> 
 <li>Jindal, Aayush.&nbsp;Ethereum Price Analysis.&nbsp;<a href="https://www.kraken.com/" rel="nofollow noopener" target="_blank">Kraken</a></li> 
 <li>Sharma, Priya.&nbsp;Cryptocurrency Market Insights.&nbsp;<a href="https://www.tradingview.com/" rel="nofollow noopener" target="_blank">TradingView</a></li> 
</ol> 
<p style="font-weight: 400;">Follow us on <a href="https://twitter.com/Thebitjournal_" rel="nofollow noopener" target="_blank">Twitter</a> and <a href="https://www.linkedin.com/company/the-bit-journal/" rel="nofollow noopener" target="_blank">LinkedIn</a> and join our <a href="https://t.me/thebitjournal" rel="nofollow" target="_blank">Telegram</a> channel to be instantly informed about breaking news!</p> 
<p><strong>Read More:</strong> <a href="<a rel=" nofollow">Ethereum Price Recovery: Will ETH Sustain Above $2,020?</a>"&gt;<a rel="nofollow" href="https://thebitjournal.com/ethereum-price-recovery-will-eth-sustain-above-2020/">Ethereum Price Recovery: Will ETH Sustain Above $2,020?</a></p>

Ethereum Price Recovery: Will ETH Sustain Above $2,020?

Índice

The Bit Journal

Outros artigos publicados em 24 de mar. de 2025

Unveiling “The Bitcoin Bible”: The Ultimate Guide to Understanding and Thriving in the Bitcoin Ec...

SHIB ETF Push: Why 212 Trading Pairs & 110+ Exchange Presence Matter

Cardano (ADA) Gearing Up for a Big Move: Key Levels to Watch

Binance Supports MultiversX Network Upgrade in March 2025

Unveiling This Week’s Top Searched Crypto: Korean Community’s Token Obsessions

IMF’s Alleged Recognition of Bitcoin as ‘Digital Gold’ Sparks Debate

Receba nossa newsletter para saber diariamente as novidades das criptomoedas!