Headline: Ethereum Pops Over 8% as Bulls Push Above $2,150 — Eyes on $2,250 Resistance
Ethereum staged a strong rebound, gaining more than 8% as buyers pushed ETH above the $2,150 area and cleared several near-term hurdles. The move has price trading above the 100-hour simple moving average and a bullish trend line on the hourly ETH/USD chart (data via Kraken), signaling that bulls are in control for now — but resistance remains in focus.
What happened
- Ether extended its recovery after clearing the $2,050 zone, following Bitcoin’s lift.
- Buyers pierced the $2,120 and $2,200 resistance levels and briefly tested the 1.236 Fibonacci extension (measured from the $2,209 swing high to the $2,062 low) around $2,245.
- Price is now trading above roughly $2,180 and is supported by a key bullish hourly trend line near $2,100.
Upside scenario
- Immediate resistance sits near $2,245, with the first major barrier at $2,250.
- A breakout above $2,250 could open the path to $2,280 and then $2,320.
- If momentum continues past $2,320, targets rise toward $2,365–$2,380 in the near term.
Downside risks
- Failure to clear $2,250 could trigger a pullback.
- Initial support is near $2,200, with the first major support at $2,180.
- A decisive break below $2,180 would expose $2,150, then $2,100, with a more significant floor at $2,050.
Technical snapshot (hourly)
- MACD: Gaining bullish momentum.
- RSI: Above 50, supportive of further upside.
- Key support: $2,150
- Key resistance: $2,250
Bottom line: Technicals favor more upside while ETH remains above the 100-hour SMA and the hourly trend line, but traders should watch the $2,245–$2,250 zone for confirmation. A rejection there could spark a corrective pullback toward the $2,180–$2,150 area.
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