Ethereum Price Moves Above $2,220, Eyes $2,500 Resistance

Ethereum Price Update

  • ETH price increased above $2,220, currently trading over $2,320.
  • Support forming at $2,390 with a bullish trend line on the hourly chart.
  • Resistance levels identified at $2,480, $2,500, and $2,550.
  • Potential for further gains if price clears $2,565, targeting $2,650 to $2,800.
  • If resistance at $2,500 holds, initial support is at $2,390, followed by $2,350 and $2,250.

Technical indicators show bullish momentum with MACD gaining strength and RSI above 50.