Ethereum $2,190 blocked—Can the TVL moat hold?

ETH is currently trading at approximately $2,190.98, down -1.92% over the past 24 hours, up slightly +2.37% over the past week, with a circulating market cap of about $263.6 billion. The ceasefire announcement on April 8 pushed ETH to move up to above $2,270 at one point, but it failed to hold and then fell back. The current price is still consolidating near the 50-day EMA, and $2,170–$2,200 is the key line of defense bulls must hold.
Core support / resistance levels:
· Support: $2,150 (first buy zone), $2,000 psychological level (extreme buy zone)
· Resistance: $2,238 (50-day EMA resistance area), $2,388 (near the March previous high), $2,500 (key target)
Order placement strategy (especially critical for traders trading the ETH/BTC exchange rate; current ETH/BTC ≈ 0.0308):
· Longs: light longs in the $2,160–$2,180 range, stop-loss below $2,130, targets $2,250–$2,350
· Shorts: the $2,350–$2,380 area; you need to rely on ETF outflow data to confirm. If there is a continuous surge with expanding volume, give up the short setup
· Dollar-cost averaging: start daily DCA below $2,100, double down below $2,000
· Leverage recommendation: ETH volatility is greater than BTC’s; suggested leverage ≤ 3x
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