Ethereum (ETH) is grinding just below the $2,150 mark, the level traders now treat as the divide between a fresh rally and another slide toward the $2,000 region.
Ethereum Price Tests $2,150 Resistance
The second-largest cryptocurrency started a recovery wave above the $2,120 zone this week, building a base after a stretch of choppy trade.
Spot pricing has stayed boxed inside a tight band, with Fortune reporting ETH near $2,116 on May 21 and exchange data showing intraday swings between roughly $2,105 and $2,145 over the prior day.
The token trades below both $2,140 and the 100-hourly simple moving average, a sign that sellers still hold the near-term edge. A clear move past $2,176 would open a path toward $2,220, with $2,265 the next zone if buyers keep pushing.
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ETH Chart Signals Point To A Decisive Move
The setup reads as binary, because a rejection at $2,150 risks a quick slide to $2,110, then $2,065, and a break below that level could drag the price toward $2,020 and the $2,000 floor.
Momentum signals are split. The hourly MACD is fading inside bullish territory, while the RSI sits just above the neutral 50 mark.
The $2,150 zone matters because it lines up with the 61.8% retracement of the drop from a recent swing high near $2,197, a spot where chart traders often expect a sharp reaction in either direction.
A separate daily-chart review tracked by Changelly noted a rising 50-day moving average sitting above price, a longer-term hurdle that reinforces why the near-term band has stayed so narrow.
Price Swings In Recent Months
The current standoff caps a turbulent stretch, since ETH touched a February low near $1,743, then climbed back above $2,300 in early May before sliding again into the low $2,100s where it now sits.
That round trip leaves the token far below its August 2025 record near $5,000. For now, the triangle keeps tightening, and the next clean move out of it should set the tone heading into June.
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