- Ethereum price outlook: Ethereum is retesting the resistance level at $1,909, before reaching the 100-day exponential moving average’s peak.

The Ethereum network recorded liquidations totaling $73 million over the past 24 hours, led by $37.71 million from liquidated long positions, according to Coinglass data.

On the daily chart, Ethereum is showing a positive short-term trend after regaining control of short-term trend indicators. The price is trading above the 20- and 50-day exponential moving averages (EMAs) at $1,810 and $1,818 respectively, suggesting that buyers have regained control despite the 100-day EMA ceiling near $1,940.

Momentum supports this constructive outlook, with the 14-day Relative Strength Index (RSI) hovering near 62 and the Stochastic indicator around 80, indicating strong bullish pressure but approaching the overbought zone, which may slow progress as ETH nears peak levels.

Technical analysis of the ETH/USDT pair (Binance)
Daily chart of the ETH/USDT pair
On the upside, Ethereum is testing the immediate resistance level at the nearby horizontal barrier around $1,909, followed by the 100-day exponential moving average, which capped the price’s rise last week. A daily close above these levels would open the path toward $2,018 and $2,107, with higher bullish extension levels at $2,211 and $2,388.

On the downside, the initial support level aligns with the recent swing low at $1,854, supported by the 20- and 50-day exponential moving averages clustered slightly above $1,810. A deeper pullback could trigger buy orders around $1,741. Failure to reach this level would reveal further support levels near $1,524 and $1,404.
$ETH ‌