Yes

>>Ethereum's price maintains a bullish stance, with focus on continued upward movement.

Ethereum's price maintains a bullish stance, with focus on continued upward movement.

crypthub

about 8 hours ago

Current Price Action

Ethereum rose above $2,250 before a short correction and is now consolidating above $2,120. The price trades above $2,180 and the 100‑hour simple moving average. A declining channel is forming with resistance around $2,225 on the hourly chart.

Key Support and Resistance

The recent rally broke $2,180 and $2,220, peaking near $2,273 before slipping below $2,220. Immediate resistance sits near $2,200, with the next hurdles at $2,225 and $2,265. A clear break above $2,265 could open the path to $2,320 and higher.

Potential Upside Scenario

If ETH holds above $2,140, bulls may push it past $2,225 and target $2,265, $2,320 and eventually the $2,400‑$2,450 zone. Sustained strength above these levels could drive further gains in the coming days.

Potential Downside Scenario

Failure to clear $2,225 may trigger a fresh decline, with initial support near $2,165 and a stronger level at $2,140 (61.8% Fib). Breaking $2,140 could pull the price toward $2,110, $2,060 and the main support around $2,020. The hourly MACD is losing momentum and the RSI is below 50.