Ethereum Blazes Past $2,200 as Bulls Gain Momentum

Ethereum (ETH) has broken above $2,200 for the first time in recent sessions after a surge of more than 8%. This price increase comes as key indicators turn green, with technical charts suggesting that buying pressure is currently outweighing selling.

The rally began after ETH pushed through the $2,050 zone and cleared multiple resistance levels. Bulls drove the price past the $2,120 resistance and the 76.4% Fibonacci retracement level of the prior decline from $2,209 to $2,062.

Immediate resistance now sits at $2,245, with the next key level at $2,250. A break above $2,280 could open the path toward $2,320, with further upside targets at $2,365 and $2,380.