ETH Price Breaks Above $2,200: Bull Market and Long-Term Target in Sight

Ethereum's price has broken above the $2,200 area, a buy signal that could trigger a bull market similar to what happened in April-May 2025.

Historical patterns suggest a possible sideways consolidation between $2,200 and $2,800 before potentially breaking past the ceiling. This would take Ethereum's price up to its long-term target of $5,400 for this cycle.

The Relative Strength Index (RSI) has already reached extreme overbought levels at 88, which could lead to a pullback to $2,200. If that happens, it may give late buyers an opportunity to buy Ethereum at a more advantageous price point and position themselves for the continuation of the rally.