Ethereum Price Corrects Gains, Drifts Toward Key Support Zone

Ethereum price reached $2,200 before entering a correction phase, currently trading above $2,065 with key support at $2,030. ETH faces immediate resistance at $2,135, with potential for further decline if it breaks below the bullish trendline support.

• →Ethereum tested $2,200 resistance before starting a downside correction below $2,120
• →Key support level sits at $2,030 with a bullish trendline, above the 100-hourly moving average
• →Immediate resistance is at $2,135, with failure to break potentially leading to further decline
• →Technical indicators show MACD losing momentum and RSI dropping below 50
• →Breaking above $2,200 could target $2,250-$2,320, while breaking below $2,030 could lead to $2,000 or lower