Ethereum price failed to stay above $2,120 and extended losses, with ETH now struggling to stay above $2,040 and might continue to move down in the near term. There was a break below a bullish trend line with support at $2,075 on the hourly chart of ETH/USD, and the pair could start a fresh decline if it stays below the $2,120 resistance. The first major support sits near the $2,000 zone, and a clear move below the $2,000 support might push the price toward the $1,980 support, with any more losses potentially sending the price toward the $1,965 region. On the upside, the next major resistance is near the $2,120 level, and a clear move above this resistance might send the price toward the $2,150 resistance, with an upside break above $2,150 potentially calling for more gains.