Ethereum (ETH) surged more than 8% to break above $2,200 for the first time in recent sessions, clearing multiple resistance levels as a bullish trend line formed on the hourly chart with support at $2,100.
What Happened: ETH Clears Key Resistance
The rally began after ETH pushed through the $2,050 zone, following a broader recovery pattern similar to Bitcoin (BTC). From there, bulls drove the price past the $2,120 resistance and the 76.4% Fibonacci retracement level of the prior decline from $2,209 to $2,062.
The move extended to $2,245, hitting the 1.236 Fibonacci extension of that same downward swing. ETH was last trading above $2,180 and the 100-hourly Simple Moving Average.
Immediate resistance now sits at $2,245, with the next key level at $2,250. A break above $2,280 could open the path toward $2,320, with further upside targets at $2,365 and $2,380.
On the downside, failure to clear $2,250 could trigger a pullback toward $2,200 initially, then $2,180 and $2,150. The main support floor remains at $2,050.
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Why It Matters: Momentum Favors Bulls
Technical indicators are reinforcing the bullish case. The hourly MACD for the ETH/USD pair is gaining momentum in positive territory, while the RSI has moved above the 50 level — both signals that buying pressure currently outweighs selling.
The $2,150 level has emerged as the critical support to watch. As long as ETH holds above it, the structure favors continued upside attempts toward the $2,250–$2,280 range.
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