Ethereum Price Stuck Under $2,050, Bulls Seek Recovery Catalyst

Ethereum price attempted to break above $2,080 but failed and is now correcting lower, trading below key resistance at $2,050. ETH faces critical support at $1,960-$1,932, with technical indicators showing bearish momentum as bulls seek a recovery catalyst.

• →Ethereum failed to sustain above $2,080 resistance after reaching a high of $2,089
• →Price is currently trading below $2,050 resistance and the 100-hourly moving average
• →Key support levels are at $1,960 (rising channel) and $1,932 (61.8% Fibonacci retracement)
• →Technical indicators show bearish momentum with MACD in bearish zone and RSI below 50
• →A break above $2,050 could target $2,120-$2,220, while failure may lead to decline toward $1,850-$1,820