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Domestic gold prices opened the new week (April 6) with a broad decline from the previous week’s close, as world gold prices fell due to positive US jobs data, raising expectations that the Federal Reserve will keep interest rates high for longer. As of 13:45 on April 6, domestic gold…
Ethereum has reclaimed the $2,080 level after rebounding from lows near $2,017. The move followed a clearance of a bearish trendline at $2,065 on the one-hour timeframe, and ETH is holding above its 100-hour Simple Moving Average.
The rebound carried ETH beyond the 50% Fibonacci retracement level, measured from the swing high of $2,168 down to the $2,017 bottom. ETH is now approaching the 83.2% Fibonacci level around $2,140, which also overlaps with a notable resistance area.
Traders are focused on the $2,150 threshold, a level that has triggered reactions on multiple occasions and is acting as a prominent short-term obstacle. A bullish continuation would require a decisive move above $2,150.
If ETH breaks above $2,150, the next resistance is seen at $2,180. Clearing that level could open the way to $2,220, with extended targets cited at $2,350 and $2,380.
If resistance at $2,150 proves difficult to overcome, the first support is at $2,080, followed closely by $2,065. Losing momentum below $2,065 would likely push ETH back toward $2,020.
Further downside levels mentioned are $1,980 and $1,965. For an upside move, Ethereum would need to break above the $2,100–$2,150 zone.
The article also highlights the $2,000 level as a critical line. If ETH falls below $2,000, it could trigger a large long liquidation wipeout, driven by the concentration of leveraged long positions around that price. Such forced selling could accelerate declines toward $1,755 or potentially $1,693.
On a wider perspective, analyst James Easton UK described Ethereum as trading within an expansive ascending channel formed in 2022. The lower boundary of the channel has absorbed multiple pullbacks, with demand repeatedly appearing near channel support. The upper boundary has also been tested during rallies, and the overall structure remains intact as long as the rising support trendline continues to hold.
Within this channel framework, $1,551 and $1,070 are identified as key support levels to watch below current valuations.
As of April 6, 2026, Ethereum is up 0.55% and trading above $2,080. The $2,150 resistance level remains the next crucial challenge for buyers, with the near-term outlook framed as either an upside breakout above $2,150 or steeper declines if $2,000 support fails.
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