Ethereum drops below $2,280 and 100-hour moving average, eyes $2,220 support

ETH slips below $2,280. Holds $2,220 support. Under the 100‑hour SMA.

Selling followed Bitcoin weakness, per NewsBTC. Source.

Ethereum broke a rising channel at $2,295 on the hourly chart. Price spiked to $2,220. Then paused. Minor bounce to the 23.6% Fib of the $2,345–$2,220 drop. Under the 100‑hour SMA. Source

Near-term levels traders watch:
- Resistance at $2,265. Source
- Key resistance at $2,280 and 50% Fib of the drop. Next at $2,300, then $2,345. Source
- Upside targets on break: $2,400–$2,420. Source

If $2,280 caps, sellers may re-test supports:
- $2,230 initial. $2,220 major. Source
- Below $2,220 opens $2,165 and $2,150. Main support near $2,120. Source

Technical signals:
- MACD deepens in bearish territory. Source
- RSI sits below 50. Source

Headline: ETH drops below $2,280, tests $2,220; recovery faces $2,300 cap