Ethereum Bounce Looks Tired as Sellers Prepare Next Move

Ethereum’s recovery from $1,740 stalls near $2,150–$2,200, with resistance above $2,200 and a potential push toward $3,375 if cleared.

Rich by Coin

2026-02-10

Ethereum started a recovery wave from $1,740. The bulls were able to push ETH above $1,850 and $2,000 before they faced hurdles.

Looking at the daily chart, the price even recovered above $2,100 and tested the 23.6% Fib retracement level of the downward move from the $3,399 swing high to the $1,739 low. However, the bulls are struggling to push the price above $2,150-$2,200. A close above $2,200 could send the price toward $3,375. The first key resistance could be near the $2,550 level or the 50% Fib retracement level of the downward move from the $3,399 swing high to the $1,739 low.

The main hurdle for the bulls sits near $2,765 and a connecting bearish trend line, above which ETH could revisit $3,000 and the 100-day simple moving average (red). On the downside, the bulls might be active near $1,850 and $1,820. The main support is now forming near $1,750, below which the price could slide toward $1,660. Any more losses might call for a move toward $1,500.