Ethereum Price Signals Fresh Rally Attempt, Traders Watch Key Levels

Aayush Jindal

Last Updated: February 27, 2026 3:18 am

2 mins read

Ethereum Price Signals Fresh Rally Attempt

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Ethereum price started a major rally above the $2,020 resistance. ETH is now consolidating gains and might aim for another increase above $2,050.

Ethereum started a fresh upward move above the $1,980 zone.
The price is trading above $2,000 and the 100-hourly Simple Moving Average.
There is a new bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh decline if it stays below the $2,080 zone.

Ethereum Price Dips To Support

Ethereum price managed to form a base and traded above the $1,950 resistance, like Bitcoin. ETH price rallied above the $2,020 and $2,050 resistance levels.

The bulls even pumped the price above $2,120. A high was formed at $2,158 before there was a downside correction. The price dipped below $2,000 and tested the 50% Fib retracement level of the upward move from the $1,792 swing low to the $2,158 high before the bulls appeared.

Ethereum price is now trading above $2,020 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,975, the price could attempt another increase. Immediate resistance is seen near the $2,040 level and the trend line.

The first key resistance is near the $2,080 level. The next major resistance is near the $2,120 level. A clear move above the $2,120 resistance might send the price toward the $2,155 resistance. An upside break above the $2,155 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,220 resistance zone or even $2,250 in the near term.

Downside Continuation In ETH?

If Ethereum fails to clear the $2,040 resistance, it could start a fresh decline. Initial support on the downside is near the $2,000 level. The first major support sits near the $1,975 zone.

A clear move below the $1,975 support might push the price toward the $1,935 support or the 61.8% Fib retracement level of the upward move from the $1,792 swing low to the $2,158 high. Any more losses might send the price toward the $1,900 region. The main support could be $1,880.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $1,975

Major Resistance Level – $2,080

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

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