{"id":62638,"date":"2026-03-06T10:26:41","date_gmt":"2026-03-06T03:26:41","guid":{"rendered":"https:\/\/hbbgroup.net\/ethereum-price-corrects-gains-drifts-toward-key-support-zone\/"},"modified":"2026-03-06T10:26:41","modified_gmt":"2026-03-06T03:26:41","slug":"ethereum-price-corrects-gains-drifts-toward-key-support-zone","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/ethereum-price-corrects-gains-drifts-toward-key-support-zone\/","title":{"rendered":"Ethereum Price Corrects Gains, Drifts Toward Key Support Zone"},"content":{"rendered":"<div id=\"ftwp-postcontent\">\n<p><em>Ethereum price started a fresh increase and tested $2,200. ETH is now correcting gains and might decline further if it trades below $2,030.<\/em><\/p>\n<ul>\n<li>Ethereum started a downside correction below the $2,120 zone.<\/li>\n<li>The price is trading above $2,065 and the 100-hourly Simple Moving Average.<\/li>\n<li>There is a key bullish trend line forming with support at $2,030 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n<li>The pair could start a fresh decline if it stays below the $2,135 zone.<\/li>\n<\/ul>\n<h2 id=\"ftoc-heading-1\">Ethereum Price Starts Downside Correction<\/h2>\n<p>Ethereum price started a fresh increase above the $2,065 resistance, like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-jumps-70k\/\" target=\"_blank\">Bitcoin<\/a>. ETH price rallied above the $2,120 and $2,150 resistance levels.<\/p>\n<p>The bulls even pumped the price above $2,180. A high was formed at $2,200 before there was a <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-hits-2200-milestone\/\" target=\"_blank\">downside correction<\/a>. The price dipped below $2,120 and tested the 50% Fib retracement level of the upward move from the $1,929 swing low to the $2,200 high.<\/p>\n<p>Ethereum price is now trading above $2,065 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,030 on the hourly chart of ETH\/USD.<\/p>\n<figure id=\"attachment_885980\" aria-describedby=\"caption-attachment-885980\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/Ethereum_00492a.png\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/03\/Ethereum_00492a.png?resize=1024%2C512\" alt=\"Ethereum Price\" width=\"1024\" height=\"512\"><\/a><figcaption id=\"caption-attachment-885980\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\">ETHUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>If the bulls remain in action above $2,030, the price could attempt another increase. Immediate resistance is seen near the $2,100 level. The first key resistance is near the $2,135 level. The next major resistance is near the $2,150 level. A clear move above the $2,150 resistance might send the price toward the $2,200 resistance. An upside break above the $2,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term.<\/p>\n<h2 id=\"ftoc-heading-2\">More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,135 resistance, it could start a fresh decline. Initial support on the downside is near the $2,065 level. The first major support sits near the $2,030 zone, the trend line, and the 61.8% Fib retracement level of the upward move from the $1,929 swing low to the $2,200 high.<\/p>\n<p>A clear move below the $2,030 support might push the price toward the $2,000 support. Any more losses might send the price toward the $1,965 region. The main support could be $1,920.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI<strong> \u2013 <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n<p>Major Support Level \u2013 $2,030<\/p>\n<p>Major Resistance Level \u2013 $2,135<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a fresh increase and tested $2,200. ETH is now correcting gains and might decline further if it [&hellip;]<\/p>","protected":false},"author":5,"featured_media":62639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-62638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/62638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=62638"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/62638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/62639"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=62638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=62638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=62638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}