Ethereum Rally Pauses at $2.2K, What’s Next?
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A resurgence in institutional demand and spot ETF inflow return could put Ethereum price in a better position to overcome the next hurdle at $2,200.
Ether’s 9% rally on Monday stalled at $2,200 due to stiff overhead resistance and weak ETF demand. Still, technical and onchain setups suggested that upward momentum may increase as long as ETH stays above the $2,000 mark.
Ether bulls must flip the $2,200 level into new support.
Spot ETF outflows continue, reflecting increasing institutional sell pressure.
Ether price must hold $2,200 as support
ETH price is stuck between two key trend lines: the 50-day exponential moving average (EMA) at $2,200 acting as resistance and the 50-day SMA at $2,000 as support.
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