**Ether Soars Past $2,200 as Bulls Drive 25% Rally**
Ethereum (ETH) has surged past the $2,000 mark once again, demonstrating strong bullish momentum. The price is now consolidating above $2,200 after an impressive 25% gain, with the latest peak at $2,241.
#### **Key Highlights:**
- **Breakthrough Resistance:** ETH cleared the $1,950 barrier and accelerated past $2,000, outpacing Bitcoin’s performance.
- **Sustained Support:** The price is holding above the 100-hour SMA and a rising trendline near $2,150 on the hourly ETH/USD chart.
- **Fibonacci Level:** ETH remains above the 23.6% Fib retracement level from the recent swing low of $1,752.
#### **Next Targets for Bulls:**
- Immediate resistance lies at **$2,240–$2,250**.
- A decisive break above this zone could push ETH toward **$2,320**, followed by **$2,450**.
- If bullish momentum continues, the next key levels to watch are **$2,500–$2,550**.
#### **Potential Downside Risks:**
- Failure to breach **$2,250** could trigger a pullback.
- Initial support sits at **$2,200**, followed by **$2,150** (trendline support).
- A drop below **$2,150** may test **$2,075**, with further downside toward **$2,020–$2,000**.
#### **Technical Indicators:**
- **MACD:** Gaining momentum in the bullish zone.
- **RSI:** Holding above 50, indicating sustained buying pressure.
**Major Support:** $2,150
**Major Resistance:** $2,250
