#BTCBackAbove80K

- Ethereum Price Expectations: Ethereum maintains support at the 50-day Exponential Moving Average:
Ethereum experienced liquidations totaling $43.4 million over the past 24 hours, with the most prominent being long positions worth $27.8 million.
On the daily chart, Ethereum shows a positive trend, stabilizing near the 20 and 50-day EMAs at approximately $2,307 and $2,265 respectively. This indicates ongoing buyer interest in purchasing on dips, while the 100-day EMA, close to $2,355, represents the first clear resistance level for upward movement.
Momentum is slightly positive, with the Relative Strength Index hovering just above the 50 line, and the stochastic oscillator in the mid-range, suggesting room for expansion but without a strong directional conviction.
On the upside, immediate resistance appears at the 100-day EMA, followed by a horizontal barrier at $2,388; a sustained breakout above this zone could open the way toward $2,746 and then $3,411 as subsequent bullish targets.
Daily ETH/USDT Chart
On the downside, the 50-day EMAs around $2,265 provide initial support, which was bounced off on Friday, with stronger structural support at $2,211 and then at $2,107. Losing these levels could lead to deeper declines toward $1,909 and $1,741.
$ETH