BEARISH 📉 : Ethereum holds below $2,300, risks drop if $2,220 support breaks

Ethereum drops under $2,250, holds $2,220

Ethereum slipped below $2,250 and is consolidating above $2,220. Price trades under $2,280 and the 100‑hour SMA.

ETH mirrored Bitcoin weakness, as noted by NewsBTC here. The move took price from a $2,345 swing high down to $2,220. A minor bounce hit the 23.6% Fib of that drop.

ETH sits below the 100‑hour SMA, per NewsBTC analysis. A contracting triangle forms, with support near $2,255.

If bulls hold $2,250, a test of $2,280 is likely. A break of $2,300 and $2,320 opens $2,375. Above $2,375, targets are $2,420 and $2,440.

If $2,280 rejects, watch $2,255. A clean move below $2,220 risks $2,165. Next levels are $2,150 and $2,120.

Major support $2,220
Initial support $2,255
Major resistance $2,280
Next resistance $2,300 and $2,320
Upside levels $2,375, $2,420, $2,440

Technicals:
- Hourly MACD loses momentum in bearish zone.
- Hourly RSI sits above 50.

Sources: NewsBTC on BTC weakness bitcoin price weakness grows, and ETH trend/SMA context ethereum downtrend gains pace.