Ethereum Price Rebounds 6% as Leverage Resets—Can ETH Break $2,200 Resistance?

Ethereum price

On the daily timeframe, the Ethereum price remains structurally weak. Price is still trading below the $2,200–$2,240 resistance band, a descending short-term trendline, and the 50 RSI threshold. After breaking down from the $2,200 region earlier, ETH flushed toward the $1,900 zone before stabilizing. As long as $2,200 remains unclaimed, the broader trend bias stays bearish.

What’s Next for the Ethereum Price Rally?

The Ethereum price is currently trying hard to break above the descending trend line and reclaim $2200. If this move materialises with a strong volume, then the rally may test the upside targets at $2400 initially and later at $2600. However, a breakout accompanied by rising open interest would signal a transitional phase.

On the other hand, if the ETH price fails to break $2,200, the downside risk may drag the levels to $1,744, and if the pressure increases, it may eventually reach close to $1500. Therefore, securing this range is extremely important for the bullish continuation; otherwise, the rally may continue to print lower highs and lows.

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