Ethereum Price Hesitates at $2,200 Amid Uncertainty Over Rally Sustainability

Ethereum (ETH) has surged over 8% to reach $2,200, but its momentum is now uncertain.

The price climbed past key resistance levels at $2,050, $2,080, and $2,120 before pulling back below $2,150.

With the 23.6% Fibonacci retracement of the advance at $2,020 providing support, traders are weighing whether the rally from a $1,929 swing low has enough momentum to push higher or is setting up for a deeper correction toward $2,020.

If ETH fails to clear $2,150, it could drag the price down to the 50% Fibonacci level near $2,065, with further downside targets at $2,020, $1,980, and $1,920.