Ethereum holds above $2,350, targets $2,400 breakout, eyes $2,500 resistance

Ethereum holds above $2,350 and consolidates near $2,365. A clean break over $2,400 could open $2,420–$2,500.

Ethereum stayed over $2,300 and pushed through $2,320 and $2,350. Moves mirror Bitcoin strength, per this analysis.

Price hit $2,387 and paused. It holds above the 23.6% Fib of the $2,220 to $2,387 leg, matching this prior move.

ETH trades above the 100‑hour SMA. The hourly ETH/USD chart (Kraken feed) shows a bullish trend line support at $2,340.

Upside levels:
- Resistance at $2,385 and $2,400
- Next at $2,420
- Breaks can target $2,500, then $2,550–$2,565

If $2,400 rejects, watch supports:
- $2,350, then $2,340 at the trend line
- $2,300 and the 50% Fib of $2,220–$2,387
- $2,260, with main support at $2,220

Signals:
- Hourly MACD in bullish momentum
- RSI above 50
- Staying above $2,320 keeps the bias up