Ethereum Smashes $2,200 Resistance as Bulls Gain Momentum

Ethereum has broken above $2,200 for the first time in recent sessions, marking an 8% surge from its previous levels. The price cleared multiple resistance levels after pushing through the $2,050 zone and forming a bullish trend line with support at $2,100.

The rally began as Ethereum followed a broader recovery pattern similar to Bitcoin's, with bulls driving the price past the $2,120 resistance and the 76.4% Fibonacci retracement level of its prior decline from $2,209 to $2,062.

Immediate resistance now sits at $2,245, while the next key level is 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 on the horizon.