Crypto
Ethereum Surges Past $2,200
Ethereum (ETH) has broken above $2,200 for the first time in recent sessions, surging more than 8% in a bullish trend. The rally began after ETH pushed through the $2,050 zone, following a broader recovery pattern similar to Bitcoin (BTC).
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. ETH was last trading above $2,180 and the 100-hourly Simple Moving Average.