Ethereum Price Targets $2,150 Again, Bulls Seek Breakout Confirmation

Ethereum price is consolidating above $1,950 after reaching $2,089, with bulls targeting a breakout above $2,080 resistance toward $2,150. Technical analysis shows key support at $1,960 within a rising channel, while failure to break resistance could trigger decline toward $1,930.

• →Ethereum rallied from $1,950 base to reach a high of $2,089 before correcting lower.
• →Price is consolidating above $1,960 support within a rising channel formation.
• →Bulls need to break $2,080 resistance to target $2,120 and potentially $2,155 levels.
• →Downside risk exists if ETH fails to hold $1,960 support, potentially dropping to $1,930.
• →Technical indicators show MACD losing bullish momentum while RSI remains above 50.