Ethereum price remained above $2,360 after reaching a high of $2,398, and the move left traders watching $2,400 as the first major barrier. The token is now consolidating gains above $2,350, with the hourly chart showing support at $2,360 and the 100-hourly Simple Moving Average.
ETH stayed above $2,300 before starting a fresh increase, then gained pace above $2,350 and $2,360 before climbing toward $2,385. The advance stopped short of $2,400, where the next test now sits.
ETH at $2,400
The immediate resistance is near $2,380, while the first key resistance is near $2,400. A clear move above $2,400 could open the way to $2,440, and a break there could send the price toward $2,500.
ETH/USD is also showing a bullish trend line with support at $2,360. The MACD is gaining momentum in the bullish zone, and the RSI is above the 50 zone.
Support Near $2,340
If Ethereum fails to clear $2,400, the price could start a downside correction. Initial support sits near $2,360 and the trend line, followed by $2,340 as the first major support.
A clear move below $2,340 could push the price toward $2,310 or the 50% Fib retracement level. More losses may send it toward $2,265, with $2,220 as the main support. For now, the level that matters most is whether ETH can turn $2,400 into support instead of leaving the latest rally capped there.
