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- Ethereum Price Expectations: Ethereum holds support at the 50-day Exponential Moving Average:
Ethereum recorded liquidations totaling $43.4 million over the past 24 hours, with the most notable being liquidations of long positions totaling $27.8 million.
On the daily chart, Ethereum is showing a positive trend, trading steadily near the 20- and 50-day Exponential Moving Averages at around $2307 and $2265 respectively. This situation suggests that buyers are continuing to step in to buy on pullbacks, while the 100-day Exponential Moving Average, near $2355, represents the first clear threshold for upside movement.
Momentum is slightly positive, with the Relative Strength Index hovering just above the 50 line, and the stochastic oscillator positioned in the mid-range, indicating there is room for expansion but without strong directional conviction.
On the upside, immediate resistance appears at the 100-day Exponential Moving Average, followed by a horizontal barrier at $2388; a sustained breakout above this zone would open the way toward $2746 and then $3411 as the next bullish targets.
Daily chart of the ETH/USDT pair
On the downside, the 50-day Exponential Moving Averages around the $2265 level provide initial protection, with prices rebounding off it on Friday, and stronger structural support further down at $2211, then at $2107. Losing these levels would lead to deeper pullbacks toward $1909 and $1741.
$ETH