News: Ethereum price is currently trading above $2,365 and the 100-hourly Simple Moving Average, having risen steadily above $2,350. A bullish trend line is forming with support at $2,340. If the price stays above $2,350, it could test resistance at $2,385, $2,400, $2,420, and potentially reach $2,500-$2,565. Conversely, failure to clear $2,400 could lead to a correction, with support at $2,350, $2,340, $2,300, and $2,220. The MACD is gaining momentum in the bullish zone, and the RSI is above 50.
AI Analysis: The technical indicators and price action suggest a short-term bullish outlook for Ethereum, contingent on maintaining momentum above key support levels. A break above $2,400 could trigger further gains.
