Overview
- Ether jumped through $2,250 to a high near $2,273 before easing back toward the low $2,200s in a fast intraday move.
- Charts show a key decision area around $2,150–$2,200 where a confirmed break would open $2,300–$2,400, while failure risks a return toward $2,000 support.
- Derivatives data point to building buy pressure as net taker volume has stayed positive since early March, meaning more market orders are lifting offers than hitting bids.
- Futures open interest has climbed to about 6.4 million ETH, near last year’s high, which signals greater participation but also higher leverage that could unwind if the breakout fails.
- On‑chain and cost‑basis gauges map downside buffers at the 0.80 MVRV band near $1,880 and larger buyer clusters around roughly $1,584, $1,238, and $1,089 if support weakens.