Ethereum trades above $2,300, eyes breakout if $2,400 resistance clears

Ethereum stalls at $2,400, holds $2,300; breakout targets $2,480–$2,620

Ethereum jumped to $2,417, then paused. Price stays above $2,300 and the 100-hour SMA, keeping upside in play per NewsBTC.

ETH tracked Bitcoin higher, clearing $2,220 and $2,280 before topping at $2,417. It reclaimed $2,365, then pulled back to consolidate above $2,300, per the same analysis and chart data.

Hourly chart broke below a rising channel support near $2,385 on Kraken data, but structure held above the 100-hour SMA, according to NewsBTC.

Key levels from the report:
- Resistance: $2,360, $2,380, $2,400; breakout eyes $2,480, then $2,550–$2,620 (source)
- Support: $2,320, $2,300; below opens $2,270 and $2,220; main support $2,180 (source)

Momentum cools. MACD loses bullish momentum; RSI slips below 50 on the hourly, per NewsBTC.

ETH followed BTC’s earlier move higher, as noted in the Bitcoin update. A clear close above $2,400 would target $2,480; failure risks a pullback toward $2,270–$2,220, per the ETH report.