This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Ethereum’s price has continued to rise, surpassing several key resistance levels. It is currently trading above $2,250 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support near $2,250. The next resistance levels to watch are $2,320, $2,350, and $2,420. If Ethereum fails to break above the $2,320 resistance, it could experience a downside correction. The initial support is at $2,265, followed by $2,250 and the trend line. The main support is at $2,200, and a break below that could lead to a further decline. The technical indicators show bullish momentum, with the MACD and RSI both in positive territory. Overall, Ethereum’s price is showing positive signs and could continue to rise in the near term.