Ethereum continues to move in a tricky territory. I just checked the data, and the price is around $2.31K, down just 0.78% in the last 24 hours. The interesting part is that there was quite a bit of volatility: it first rose toward $2,060–$2,080, but sellers didn’t let it pass and pushed it down below $2,000. Then it recovered a bit, but it’s still below where it started the day.

Looking at the overall trend, ETH is in trouble. It has dropped more than 32% over the month, although in the last week and over the last 14 days it had gains. The key point now is whether it manages to hold above $2,000 or not.

On the technical side, something interesting happened. The price broke the crocodile’s teeth and the lips (Alligator lines), which means the short term is starting to look better for buyers. That suggests the bearish pressure has weakened. But the Alligator’s jaw is still above, near $2,100, so the overall trend hasn’t turned bullish yet. It would need a sustained move above that level to confirm a real change.

Momentum is improving. The Stochastic is rising, with %K around 65 and %D near 68. This shows buyers are building momentum after a long decline. If it keeps up and breaks the moving average, it could attempt a recovery. If not, it will probably get stuck in consolidation.

The liquidation data shows a lot of action in derivatives. In the last hour, $1.28 million was liquidated, with long positions taking more hits ($994.72K). Over 24 hours, total liquidations were $67.11 million. That indicates volatility on both sides, but more pressure on long positions.

So, the Ethereum price prediction depends on whether it holds above $2,000. If it does and momentum continues to improve, it could try to move higher. Otherwise, it stays in consolidation within its broader downtrend. There are positive short-term technical signals, but the overall trend is still bearish. We need to stay alert to how it behaves in the next moves.