Ethereum holds $2,120 support, aims to break $2,220 resistance

ETH pulls back from $2,274; key levels $2,120 support, $2,220 resistance

Ethereum extended above $2,265, hit $2,274, then corrected below $2,200. Price still trades over $2,150 and the 100-hour SMA.

Move tracked broader strength with Bitcoin (BTC analysis). ETH remains above the 100-hour SMA (NewsBTC).

A declining channel caps price near $2,220. First resistance sits at $2,200. Breaks over $2,220 and $2,250 open $2,320, then $2,400–$2,450.

Supports: $2,165, then $2,120. Below $2,120 risks $2,080, $2,050, and $2,020.

MACD turns bearish on the hourly. RSI slips under 50.

Key levels:
- Major support $2,120 (source)
- Major resistance $2,220 (source)