Ethereum Surges Above $2,200 as Bulls Take Control

Ethereum has broken above $2,200 for the first time in recent sessions, clearing multiple resistance levels and forming a bullish trend line on its hourly chart. The rally began after Ethereum pushed through the $2,050 zone, following a broader recovery pattern similar to Bitcoin's.

The bulls drove the price past the $2,120 resistance and the 76.4% Fibonacci retracement level of the prior decline from $2,209 to $2,062. The move extended to $2,245, hitting the 1.236 Fibonacci extension of that same downward swing.

The key support levels now sit at $2,180 and $2,150, with immediate resistance above $2,245. A break above $2,280 could open the path toward $2,320, with further upside targets at $2,365 and $2,380.