7 Ethereum Price Levels After Breaking Rp37 Million: Breakout or Correction? (6/2/26)

Jakarta, Pintu News – The price of Ethereum (ETH) stole the spotlight in the crypto market once again after breaking through the $2,200 level before experiencing a mild correction. This increase occurred after ETH had previously moved up consistently from the $2,050 area, following the momentum that also occurred in Bitcoin (BTC). Currently, cryptocurrency market participants are monitoring whether ETH is able to maintain its uptrend or enter a deeper correction phase.

After reaching a local peak of $2,200, Ethereum started consolidating and moving around the $2,080 area. This condition makes crypto traders focus on some important technical levels that can determine the direction of ETH’s next move.

1. Ethereum Rises Over 8% to Break $2,200

Ethereum (ETH) started a new upswing after breaking the $2,050 resistance area. The momentum continued when the price managed to cross the $2,080 and $2,120 levels.

Buying pressure then pushed the price up to $2,200 before a correction occurred. In rupiah terms, this level is equivalent to around IDR 37,221,800 at an exchange rate of IDR 16,919 per dollar. This increase shows that the crypto market still has strong buying interest in the world’s second-largest cryptocurrency asset.

Also Read: Czech Central Bank seeks 100 tons of gold reserves, Bitcoin (BTC) is still under consideration

2. ETH Still Holding Above Important Moving Average

After a correction from the $2,200 peak, Ethereum is now trading above the $2,080 area and remains above the 100-hour Simple Moving Average (SMA).

In technical analysis of cryptocurrencies, the price position above the moving average often indicates that the short-term trend is still in a bullish phase. As long as the price stays above this area, the opportunity for price recovery is still open.

In addition, there is a bullish trend line formed with support around $2,020.

3. Ethereum’s Key Resistance is at $2,180

To continue the rally, Ethereum needs to break some important resistance levels. The first area to break is around $2,150.

The next resistance level is around $2,180. If ETH manages to cross this level, the crypto market could see a retest of the $2,200 level.

Price conversion to rupiah:

• $2,150 ≈ Rp36,376,850
• $2,180 ≈ Rp36,884,420
• $2,200 ≈ Rp37,221,800

A strong breakout above this area could trigger a further rally in the cryptocurrency market.

4. ETH Upside Target Could Reach $2,350

If Ethereum manages to convincingly break $2,200, analysts see an upside opportunity towards the next few price targets.

Some of the technical targets mentioned include:

• $2,250 ≈ Rp38,067,750
• $2,320 ≈ Rp39,252,080
• $2,350 ≈ Rp39,759,650

This level could be a short-term target if the bullish momentum picks up again.

5. ETH Initial Support is at $2,080

If Ethereum fails to maintain the upward momentum, the price could experience a further correction. The first support is around $2,080.

The next support is around $2,065, which also corresponds to the 50% Fibonacci retracement. Fibonacci levels are often used by crypto traders to identify areas of price reversal.

Price conversion:

• $2,080 ≈ Rp35,191,520
• $2,065 ≈ IDR 34,937,735

This area is an important zone for ETH price stability.

6. Downside Risk If Support is Broken

If ETH drops below key support, the next few price levels could be correction targets.

Additional support levels mentioned by analysts include:

• $2,020 ≈ Rp34,176,380
• $1,980 ≈ Rp33,499,620
• $1,920 ≈ Rp32,484,480

A drop towards this area could indicate weakening momentum in the cryptocurrency market.

7. RSI and MACD Indicators Give Mixed Signals

In terms of technical indicators, the hourly RSI is currently above the 50 level. This condition usually indicates that bullish momentum still persists in the crypto market.

However, the MACD indicator is said to be losing momentum in the bullish zone. This suggests that the market is still waiting for a new catalyst to determine the next trend direction.

As such, cryptocurrency traders are now monitoring whether Ethereum is able to break back through the $2,180 to $2,200 area to confirm the continuation of the uptrend.

Also Read: 700% Crypto Withdrawal Surge in Iran: Bitcoin becomes a financial escape route during crisis

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash beforeinvesting. All activities of buying and selling Bitcoin (BTC) and other crypto asset investments are the responsibility of the reader.

Reference

• Aayush Jindal/NewsBTC. Ethereum Price Hits $2,200 Milestone, Traders Brace for Next Move. Accessed March 6, 2026.