Ethereum is showing early signs of recovery after reclaiming its 20-day moving average, with bulls now targeting the $2,200 resistance level. A clean break above that zone could accelerate momentum, potentially driving price toward $2,400 — and if that level gives way, even higher targets near $3,050 come into play.

However, bears still have one chance to regain control. If Ethereum falls below $1,916, the bullish outlook weakens significantly, with downside risk extending to around $1,750. For now, the pressure is on buyers to maintain momentum — because in this market, hesitation can quickly turn into reversal.