Ethereum’s price rose past $2,250 before starting to fall back slightly. It’s currently stabilizing above $2,120 and could potentially climb higher.
- Ethereum started a decent upward move above the $2,220 zone.
- The price is trading above $2,180 and the 100-hourly Simple Moving Average.
- There is a declining channel forming with resistance at $2,225 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start a fresh increase if it stays above the $2,140 zone.
Ethereum Price Holds Uptrend Support
I’ve been watching Ethereum closely, and it’s good to see it holding steady above $2,165. Like Bitcoin, it’s starting to climb, and we’ve already broken through a couple of resistance levels at $2,180 and $2,220. Things are looking positive right now.
The price of the asset initially rose above $2,250, peaking at $2,273 before starting to fall. It then dropped below $2,220, briefly falling below a key technical level – the 50% retracement of the recent price increase from $2,060 to $2,273.
Ethereum’s price is currently over $2,180 and has risen above its 100-hour moving average. If buying pressure continues above $2,140, the price may climb higher.
Currently, the price of Ether is facing some resistance around $2,200, with a stronger barrier near $2,225. The price action also suggests a downward trend forming, reinforcing the $2,225 resistance. If the price manages to break above $2,265, it could climb towards $2,320. A decisive move past $2,320 might lead to further gains, potentially pushing Ether towards the $2,400-$2,450 range in the short term.
Another Decline In ETH?
If Ethereum doesn’t break past the $2,225 mark, its price could start to fall. It might find some initial support around $2,165. A stronger level of support is likely near $2,140, which also corresponds to a key technical indicator suggesting a potential bounce from the recent price swing between $2,060 and $2,273.
If the price falls below $2,140, it could drop to $2,110, and potentially even lower to around $2,060. The strongest support level is likely around $2,020.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone.
Major Support Level – $2,140
Major Resistance Level – $2,225
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2026-04-10 06:22