Ethereum Price Hits $2,200 Milestone, Traders Brace for Next Move

Ethereum price surged over 8% to reach $2,200 before entering a correction phase, now trading above key support at $2,080. Technical analysis suggests the next move depends on whether ETH can break above $2,180 resistance or falls below $2,065 support.

• →Ethereum rallied over 8% to hit $2,200 milestone before correcting lower
• →Current price action shows support above $2,080 and 100-hourly moving average
• →Key resistance levels identified at $2,150 and $2,180, with potential upside to $2,320-$2,350
• →Downside risk exists if price breaks below $2,065 support, targeting $2,020 and potentially $1,980
• →Technical indicators show MACD losing momentum while RSI remains above 50