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Home»Analysis»Ethereum Price explodes in front of $ 2,200 with 25%
Analysis

Ethereum Price explodes in front of $ 2,200 with 25%

May 9, 2025No Comments
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Ethereum Price began a new push over the $ 2,000 area. ETH now has more than 25% and consolidating gains near the $ 2,200 area.

  • Ethereum began a new push above the resistance of $ 2,000.
  • The price is negotiated above $ 2,120 and the mobile average at 100 hours.
  • There is an upward connection line line that forms with $ 2,150 support on the ETH / USD time table (data flow via Kraken).
  • The pair could continue to assemble if it breaks the level of resistance of $ 2,250.

The Ethereum price increases more than $ 2,000

Ethereum Price remained supported and started a new increase greater than $ 1,880, beating Bitcoin. ETH has acquired a rhythm for a movement above the resistance zone of $ 1,950.

The Bulls were able to push the price above the resistance zone of $ 2,000. The price earned more than 25% and recently exceeded the resistance area of ​​$ 2,200. A summit was formed at $ 2,241 and the price now consolidates higher gains in the FIB trace level of 23.6% of the upward movement of $ 1,752 to $ 2,241 from $ 2241.

Ethereum Price is now traded over $ 2,200 and the mobile average at 100 hours. In addition, there is an upward connection line line that forms with $ 2,150 support on the ETH / USD time table.

Ethereum Prize
Source: Ethusd on tradingView.com

Uplining, the price seems to be confronted with obstacles near the level of $ 2,240. The next keys resistance is close to the level of $ 2,250. The first major resistance is close to the level of $ 2,320. A clear decision above the resistance of $ 2,320 could send the price to the resistance of $ 2,450. An upward break above the resistance of $ 2,450 could require more gains in future sessions. In the case indicated, the ether could increase to the resistance zone of $ 2,500 or even $ 2,550 in the short term.

Another drop in eth?

If Ethereum fails to erase the resistance of $ 2,250, this could start a new downward correction. The initial support for the decline is close to the level of $ 2,200. The first major support is near the $ 2,150 area and the trend line.

A clear decision below the $ 2,150 support could push the price to the $ 2,075 support. Other losses could send the price to the support level of $ 2,020 in the short term. The next key support is at $ 2,000.

Technical indicators

Schedule macD – The MacD for ETH / USD is gaining momentum in the bullish area.

House – The RSI for ETH / USD is now greater than zone 50.

Major support level – $ 2,150

Major resistance level – $ 2,250



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