Ethereum Bounces 5% – Bulls Attack, Bears Laugh, Who Would Have Thought?

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Ethereum’s price, a stubborn ragged hero, once stretched itself past the $2,250 mark, only to wobble back as sellers clawed at the gains. It now lurches back on the mend, eyeing the $2,165 area for a possible rally.

  • Ethereum strutted upward away from the $2,220 benchmark, like a tired worker at a free lunch.
  • The coin hovers above $2,200 and nudges the 100‑hourly Simple Moving Average, a rarity in this satirical market saga.
  • A breaking battle above a tightening triangle left the hourly chart of ETH/USD (sourced from Kraken) with resistance at $2,150.
  • If the pair can stand firm beyond $2,150, a fresh climb might begin, like a forgotten hero finding new strength.

Ethereum Strides Toward More Gains

Ethereum kept a steady position above $2,120 and set off on a mild uptick, mirroring the legendary Bitcoin. The price leapt past the $2,180 and $2,220 resistance levels, as if shouting, “We are back!”

The bulls propelled the price above $2,250, breaking through yet another tightening triangle with a surrendering resistance at $2,150 on the hourly chart. A crest formed at $2,273 before a downturn crept in. The move touched the 23.6% Fib retracement level of the rally from the $2,059 swing low to the $2,273 high.

Ethereum now trades above $2,180 and the 100‑hourly Simple Moving Average. Should the bulls keep the charge past $2,165, another ascent may be on the horizon.

Eyeing immediate obstacles near $2,250, the first key resistance hovers at $2,275, followed by a greater barrier around $2,320. A decisive move over $2,320 could launch the price toward the $2,350 domain. An unbroken surge past that region may call for further gains. In such a case, Ether might stalk toward $2,450 or even $2,500 in the short term.

Another Decline in ETH?

If Ethereum fails to breach the $2,250 choke point, a fresh dive may begin. Minor support sits near $2,220, while the first solid anchor is around the $2,165 zone, or the 50% Fib retracement of the climb from $2,059 to $2,273.

A clear slide below the $2,165 support could drag the price toward $2,120, and any further losses could push it toward the $2,110 area. The ultimate safety net might lie at $2,065.

Technical Indices

Hourly MACD – The MACD for ETH/USD is giving up momentum in the bullish brood.

Hourly RSI – The RSI for ETH/USD has risen above the 50 mark, barely calmer than a river in flood.

Major Support Level – $2,165

Major Resistance Level – $2,250

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2026-04-08 06:22