ETH faces resistance at $2,200, risks decline to $2,065

Ethereum holds above $2,120, stalls below $2,200

Ethereum rebounded above $2,120 and the 100-hour SMA but failed to break $2,200. Price consolidates near $2,140; $2,175–$2,205 blocks the upside per NewsBTC.

ETH mirrored Bitcoin’s recovery, reclaiming $2,080 and $2,120 per NewsBTC. ETH now trades above the 100-hour SMA per NewsBTC.

Bears defend $2,200. A descending trend line caps at $2,175 on the hourly chart, with stronger resistance at $2,205 (50% Fib of $2,385 → $2,025 move) source.

Upside levels:
- $2,175 trend-line test source
- $2,205 confirmation, then $2,250 and $2,300 source
- Next targets at $2,345–$2,365 if $2,300 breaks source

Downside risks:
- $2,120 initial support, then $2,100 source
- Below $2,100 opens $2,065 and $2,020; main support at $2,000 source

Technicals:
- Cleared 38.2% Fib of the $2,385 → $2,025 drop; 50% at $2,205 source
- MACD losing bullish momentum; RSI below 50 on hourly source