Ethereum (ETH) pushed above $2,320 and is now testing a tightening triangle near $2,380, with traders eyeing a clean break toward $2,400.
ETH Price Reclaims $2,300
The second-largest cryptocurrency held the $2,220 support before grinding higher through $2,250 and $2,300, tracking a similar move in Bitcoin (BTC).
Ether's last swing high printed at $2,417 before the pair dipped under $2,350 and sliced through the 38.2% Fibonacci retracement of the run from the $2,180 low.
Price is now sitting above the 100-hourly simple moving average, with a contracting triangle on the hourly ETH/USD chart capping the action at $2,380.
A decisive push through $2,400 would open the door to $2,440, and further upside could extend toward $2,500 or $2,550 in the near term.
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Resistance And Support Levels
If bulls fail to clear $2,380, the MACD and RSI still sit in bullish territory, but a rejection could trigger a pullback.
Initial support comes in at $2,330, followed by $2,295, which marks the 50% Fib retracement of the move from $2,180 to $2,417. A break below would expose $2,265, then $2,230, with $2,200 as the final floor.
The setup follows a stronger month for Ether, which gained more than 12% over the past 30 days and outperformed every other top-10 asset. Ethereum processed 3.62 million transactions on Apr. 12, a single-day record, even as ETH trades more than 50% below its all-time high.
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