365int
Ethereum is heating up again. The price jumped from $2,120 and smashed through key barriers at $2,200 and $2,250. It’s now chilling above $2,300, making bulls smile again.
A crucial resistance at $2,240 was taken down thanks to a break above a bearish trendline. This gave ETH the momentum it needed. It even passed the 61.8% Fib retracement of the drop from $2,568 to $2,114 (Fib retracement is a tool traders use to predict price reversal levels).
ETH is riding above the 100-hour simple moving average (this shows the average price over the past 100 hours) and looks ready to battle the next levels: $2,440 and $2,460. Those are key resistance zones. And right after that? $2,500 and possibly $2,550. If ETH bulls stay strong, the next pit stop could be $2,620 or even $2,650.
But it’s not all sunshine.
If ETH can’t break $2,460, we might see a pullback. First fallback zone is $2,340. Next is $2,320, a more critical support level. If that cracks, we might see ETH heading toward $2,250 or even $2,150.
📊 Indicators say:
MACD is still bullish, but slowing.
RSI is above 50, showing strength.
