Ethereum Stuck at IDR33.7 Million Level: Breakout Signal or New Bearish Trap?

Jakarta, Pintu News – The crypto asset Ethereum ETH” target=”_blank”>Ethereum (ETH) is currently in a crucial phase after failing to maintain its position above key psychological levels. Recovery attempts by buyers seem to be hampered by a thick wall of resistance, sparking fears of a further correction in the crypto market. Despite touching a local low, the digital asset is now consolidating to find a firmer footing before determining the direction of its next major move.

Ethereum (ETH) Price Tests Strong Support Again

This week’s cryptocurrency market saw Ethereum (ETH) slip from its peak area and briefly enter a bearish zone after failing to settle above the $2,000 mark. Increased selling pressure had brought the price down to touch the support level in the range of $1,922 or equivalent to IDR32,456,814. The emergence of buying interest in the area managed to trigger a brief wave of recovery that brought prices back to crawl up past the $1,960 threshold.

Currently, Ethereum (ETH) is observed to be trading below $1,980 and is still below the 100-hour moving average line. Technical analysts note the formation of a significant bearish trend line with a major obstacle right at the $2,000 level. Successfully breaking out of this area is highly dependent on incoming buying volume, given that the MACD indicator is starting to lose momentum in the bullish zone while the RSI is still stuck around the neutral area.

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Tough Challenge Toward IDR36 Million Target

If investors are able to push Ethereum (ETH) through the $2,000 barrier, then the next big hurdle to face will be at $2,020 or IDR 34,111,740. A steady price close above this zone is predicted to be a positive catalyst capable of taking Ether flying towards the $2,050 to $2,120 target. In a more optimistic scenario, a surge in momentum could push the price to the $2,150 range or the equivalent of IDR 36,307,050 in the short term.

However, you need to remain vigilant as failure to cross the $2,000 psychological mark could trigger a fresh wave of sell-offs from short-term traders. If the downside scenario plays out, initial support is predicted at $1,935 or IDR32,676,345. A break below the key support of $1,925 could pave the way for prices to slide further towards the $1,880 area until the crucial level of $1,820 or around IDR 30,734,340.

Strategies for Dealing with Crypto Market Volatility

The condition of Ethereum (ETH), which is being squeezed between support and resistance levels, requires extra rigor from investors, especially for beginners in the crypto world. Asset diversification remains the main key in minimizing risk amidst rapid price fluctuations influenced by global macro sentiment. It is important for you to always monitor the movement of Bitcoin (BTC) as a market reference, because the correlation between digital assets is usually still very strong in a consolidation phase like this.

Always make sure to do your own research before making a buy or sell decision, and use cold funds that are earmarked for long-term investment. With the ongoing clearing of leverage in the derivatives market, Ethereum’s price structure actually has the opportunity to build a healthier foundation. Stay disciplined with your investment plan and don’t get caught up in the momentary market panics that often trap retail investors.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Aayush Jindal. Ethereum Price Stalls Under Resistance With Breakout Hopes Delayed. Accessed February 20, 2026.