ETH Surges $2,013 Before Pulling Back, Charts Signal Consolidation Phase

• After a downturn, ETH has reached a price near $2013 today, and is trading at $1,975 at the time of writing. 
• While ETH’s daily trading volume has climbed 80%. 

The day began with a modest uptick, as the overall crypto market rose 0.49%, bringing the total market capitalization to $2.31 trillion. Meanwhile, the Crypto Fear and Greed Index has remained at 19 extreme fear for over a month, reflecting persistent market caution.

According to CoinMarketCap, ETH reached a high of $2,013 today, and while writing the article, it was trading at $1,975, up 1.2% over the last 24 hours. Also, its daily trading volume has surged over 80% and stands at $20 billion. Overall, Ethereum is down over 3% for a month and down nearly 60% from its last peak at $4,953 at August, 2025.

With that, the CoinGlass derivatives data show that the open interest in the last 24 hours has increased by about 2.76%, where the liquidations data show that in the last 24 hours, around $71.93 million were wiped out, with the long position standing at $36.16 million. 

ETH Charts Signal Consolidation Phase

Source: TradingView

While seeing the 1D chart of ETH/USD, it is posting a modest daily gain after a prolonged downtrend seen from mid-January to early February, as the price has entered a consolidation phase between roughly $1,820 and $2,100. While the technical indicators show slight improvement in momentum, while staying in the bearish zone. While the RSI is sitting at 44, and the MACD line is showing a positive crossover  

With that, ETH  faces short-term resistance at $2,020 and key resistance near $2,100, and a clear breakout might push the price toward the $2,200 level. On the downside, Ethereum’s major support is near at $1,920, and further down, it might reach the $1,850 level, below that, which may trigger another downward momentum 

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