Ethereum Price Explodes Past $2,200 with 25% Surge—Momentum Builds Fast 🚀
Ethereum price has experienced a remarkable surge, climbing above the $2,000 zone and consolidating gains at approximately $2,200. ETH has increased over 25%, surpassing critical resistance levels and outperforming Bitcoin.
Currently trading above $2,120 and the 100-hourly Simple Moving Average, Ethereum is showing strong bullish momentum. With a connecting bullish trend line forming support at $2,150 on the hourly chart of ETH/USD, ETH continues to face upward pressure.
The price may continue to rise if it breaches the $2,250 resistance, targeting further resistance milestones at $2,320 and potentially $2,450. A breakout above these points could propel ETH towards $2,500 and beyond.
If unable to pass the $2,250 threshold, Ethereum might undergo a downside correction, with key support levels established at $2,200, $2,150, and possibly $2,075. Technical indicators like the MACD are deep in the bullish zone, further confirming the upward trend.
Ethereum's future price movements hinge on overcoming the indicated resistance levels while maintaining its bullish trajectory.
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