Ethereum Price Surges Past Key Resistance Levels
- Ethereum price remained stable above $2,020 and moved upward.
- ETH climbed above the $2,050 and $2,065 resistance levels.
- The price is trading above $2,080 and the 100-hourly Simple Moving Average.
- A break occurred above a key bearish trend line with resistance at $2,065 on the hourly chart of ETH/USD.
- Immediate resistance is near the $2,140 level or the 83.2% Fib retracement level of the downward move from the $2,168 swing high to the $2,017 low.
- Key resistance levels are near $2,150 and potentially up to $2,180.
Ethereum’s price has shown resilience by staying above critical support levels and breaking through significant resistances such as $2,065. The potential to surpass further resistance at around $2,150 could lead to additional gains if sustained momentum continues.
