Ethereum trades above $2.2k as bulls face repeated $2.4k resistance tests

Ethereum is holding above $2.2k as the third week of May begins, but it remains in the lower part of its two-week range after another rejection. Prior long positioning into the $2.4k supply zone has been unwound, and price action suggests further near-term consolidation while traders watch $2.2k and $2k as key supports.