Ethereum Price Explodes Past $2,200 with 25% Surge—Momentum Builds Fast

Ethereum's price has surged past $2,000, marking a significant increase. It overcame the $2,200 resistance and is currently consolidating gains. A bullish trend line is forming with support at $2,150, suggesting potential further upward movement. The next key resistance level to watch is at $2,250, followed by $2,320 and then $2,450. A break above $2,450 could propel Ethereum towards $2,500 or even $2,550. However, failure to surpass $2,250 could trigger a downside correction, with initial support at $2,200. Key support levels to monitor are $2,150 and then $2,075. The hourly MACD indicates bullish momentum, and the RSI is above 50. Major support is at $2,150, while major resistance lies at $2,250.