Ethereum Bulls Face $2,065 Make-or-Break Zone

Ethereum's recent surge has brought it to an all-time high of $2,200, but the price has since pulled back below $2,150. This raises questions about whether buyers can defend key levels and sustain the rally.

The price climbed past several resistance levels, including $2,050, $2,080, and $2,120, before peaking at $2,200. It is currently above both a bullish trend line on the hourly chart and the 100-hourly simple moving average.

However, if bulls fail to reclaim $2,200, the price could slide to $2,065, which serves as a key support level. A break below this could lead to further losses towards $2,020 or even $1,920.