Ethereum's price surged past the $2,200 mark, marking an over 8% increase as it broke through key resistance levels at $2,050, $2,080, and $2,120. However, the cryptocurrency is now experiencing a downside correction, trading above $2,080 and the 100-hourly Simple Moving Average. A bullish trend line is forming with support at $2,020, suggesting potential for further gains if the price remains above this level. Immediate resistance is identified at $2,150, with further resistance at $2,180 and $2,200. A successful breach of the $2,200 resistance could propel Ethereum towards $2,250 and potentially higher to $2,320 or $2,350. Conversely, failure to maintain above $2,150 may lead to a decline, with initial support at $2,080 and major support at $2,065. A drop below $2,065 could see Ethereum testing the $2,020 support level, with further losses potentially driving the price down to $1,980 or $1,920.