Ethereum Rally Falters at $2,150: Bulls Face Key Test

Ethereum (ETH) surged to $2,200 after an 8% gain from its recent low of $1,929.

The price climbed past key resistance levels at $2,050, $2,080, and $2,120 before retreating below the 23.6% Fibonacci retracement level of the advance.

A bullish trend line on the hourly ETH/USD chart provides support at $2,020, with the price remaining above both this line and the 100-hourly simple moving average.

The short-term direction is uncertain as the hourly MACD is losing bullish momentum, while the RSI holds above 50.