Event Recap: Ethereum Breaks Key Resistance Level
The current immediate resistance level is $2,245, with the next key level at $2,250. A breakthrough at $2,280 could potentially open the pathway for further gains up to $2,320, with subsequent targets at $2,365 and $2,380.
If the price fails to break $2,250, it may lead to a pullback, with initial targets at $2,200, followed by $2,180 and $2,150. The main support level remains at $2,050.
Importance Analysis: Momentum Favors Bulls
Technical indicators have strengthened the bullish argument. The hourly MACD for the ETH/USD trading pair has gained momentum in the positive zone, while the Relative Strength Index (RSI) has surpassed the 50 level—both signals indicate that buying pressure currently exceeds selling pressure.
The $2,150 level has become a key support level. As long as Ethereum remains above this level, the structure will favor continued upward attempts towards the $2,250 to $2,280 range.