Ethereum's value has surged past the $2,200 threshold, marking a significant milestone. The cryptocurrency experienced a notable rally, breaking through several key resistance levels.
Currently trading above $2,080 and its 100-hourly Simple Moving Average, Ethereum shows resilience. A bullish trend line offers support around $2,020. If bulls maintain control above this level, a renewed push towards $2,150 and potentially $2,200 could occur, with further upside targeting $2,250 and beyond. However, failure to sustain momentum above $2,150 could trigger a correction, with initial support at $2,080 and a more significant test at $2,065.