Ethereum Crushes Resistance to Reach New Heights Above $2,200

Ethereum (ETH) has broken above $2,200 for the first time in recent sessions after an 8% surge. The rally began after ETH pushed through the $2,050 zone, clearing multiple resistance levels and forming a bullish trend line with support at $2,100.

The move extended to $2,245, hitting the 1.236 Fibonacci extension of the prior decline from $2,209 to $2,062. ETH was last trading above $2,180 and the 100-hourly Simple Moving Average.

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.