{"id":9999,"date":"2026-02-16T05:11:05","date_gmt":"2026-02-16T05:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/ethereum-price-reverses-under-2000-bulls-on-the-back-foot\/"},"modified":"2026-02-16T05:11:05","modified_gmt":"2026-02-16T05:11:05","slug":"ethereum-price-reverses-under-2000-bulls-on-the-back-foot","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/ethereum-price-reverses-under-2000-bulls-on-the-back-foot\/","title":{"rendered":"Ethereum Price Reverses Under $2,000, Bulls On The Back Foot"},"content":{"rendered":"<p><em>Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating and remains at risk of another decline below $1,940.<\/em><\/p>\n<ul>\n<li>Ethereum struggled to extend gains above $2,050 and corrected lower.<\/li>\n<li>The price is trading below $2,000 and the 100-hourly Simple Moving Average.<\/li>\n<li>There was a break below a bullish trend line with support at $2,035 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 $2,000 zone.<\/li>\n<\/ul>\n<h2>Ethereum Price Dips Again<\/h2>\n<p>Ethereum price failed to stay above $2,050 and started a fresh decline, like Bitcoin. ETH price traded below the $2,040 and $2,020 levels to enter a bearish zone.<\/p>\n<p>The pair dipped below the 50% Fib retracement level of the upward move from the $1,895 swing low to the $2,106 high. Besides, there was a break below a bullish trend line with support at $2,035 on the hourly chart of ETH\/USD. The bears even pushed the price toward the $1,950 support.<\/p>\n<p>Ethereum price is now trading below $1,980 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,920, the price could attempt another increase. Immediate resistance is seen near the $1,980 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-881666\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Ethereum_469438.png?resize=1024%2C509\" alt=\"Ethereum Price \" width=\"1024\" height=\"509\" loading=\"lazy\" \/><\/p>\n<p>The first key resistance is near the $2,000 level. The next major resistance is near the $2,025 level. A clear move above the $2,025 resistance might send the price toward the $2,045 resistance. An upside break above the $2,045 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,150 in the near term.<\/p>\n<h2>More Losses In ETH?<\/h2>\n<p>If Ethereum fails to clear the $2,000 resistance, it could start a fresh decline. Initial support on the downside is near the $1,945 level. The first major support sits near the $1,930 zone or the 83.2% Fib retracement level of the upward move from the $1,895 swing low to the $2,106 high.<\/p>\n<p>A clear move below the $1,930 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,820 region. The main support could be $1,780.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD<strong> \u2013 <\/strong>The MACD for ETH\/USD is gaining momentum in the bearish zone.<\/p>\n<p>Hourly RSI<strong> &#8211; <\/strong>The RSI for ETH\/USD is now below the 50 zone.<\/p>\n<p>Major Support Level \u2013 $1,930<\/p>\n<p>Major Resistance Level \u2013 $2,000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating and remains at risk of another decline below $1,940. Ethereum struggled to extend gains above $2,050 and corrected lower. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10000,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147],"tags":[138,148,102,104,105],"class_list":["post-9999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eth","tag-eth","tag-ethbtc","tag-ethereum","tag-ethusd","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=9999"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/10000"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=9999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=9999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=9999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}