Ethereum Price Clings 2120: Bulls Eye Fresh Surge

Ethereum price clings to $2,120, can bulls drive a fresh surge? Ethereum's price extended gains above $2,265 before a downside correction. The price is now correcting gains and might find bids near the $2,120 zone.

Ethereum Price Analysis

Ethereum started a decent upward move above the $2,250 zone. The price is trading above $2,150 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $2,220 on the hourly chart of ETH/USD.

Key Resistance Levels

• $2,200
• $2,220
• $2,250

Ethereum Price Prediction

If the bulls remain in action above $2,120, the price could attempt another increase. A clear move above the $2,250 resistance might send the price toward the $2,320 resistance. An upside break above the $2,320 region might call for more gains in the coming days.

Support Levels

• $2,165
• $2,120
• $2,080

Technical Indicators

The Hourly MACD for ETH/USD is gaining momentum in the bearish zone. The Hourly RSI for ETH/USD is now below the 50 zone. Major Support Level is $2,120, and Major Resistance Level is $2,220.

Key Takeaways

• Ethereum price is correcting gains near the $2,120 zone.
• Bulls might drive a fresh surge if the price stays above $2,120.
• Resistance levels are at $2,200, $2,220, and $2,250.
• Support levels are at $2,165, $2,120, and $2,080.

Frequently Asked Questions

What is the current Ethereum price?

The current Ethereum price is trading above $2,150 and the 100-hourly Simple Moving Average.

What are the major resistance levels for Ethereum?

The major resistance levels for Ethereum are $2,200, $2,220, and $2,250.