Ethereum Price Rockets Above $2,200 as Bulls Tighten Market Control
Ethereum price started a major increase above the $2,150 zone. ETH is now showing positive signs and might aim for more gains above $2,250. The next major resistance is near the $2,280 level. A clear move above the $2,280 resistance might send the price toward the $2,320 resistance. An upside break above the $2,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,365 resistance zone or even $2,380 in the near term. If Ethereum fails to clear the $2,250 resistance, it could start a fresh decline. Initial support on the downside is near the $2,200 level. The first major support sits near the $2,180 zone. A clear move below the $2,180 support might push the price toward the $2,150 support. Any more losses might send the price toward the $2,100 region. The main support could be $2,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,150 Major Resistance Level – $2,250Downside Correction In ETH?
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