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#ETHOn-ChainActivityRises
Ethereum Price Predictions: Ethereum Traders Compete for the 100-Day Exponential Moving Average
Ethereum experienced liquidations worth $142.5 million in the past 24 hours, with long liquidations totaling $103.3 million, according to Coinglass data.
Ethereum (ETH) is facing pressure at the 100-day Exponential Moving Average (EMA), as bulls and bears compete near this level. The leading altcoin may find support around $3,800 if bears take control. Meanwhile, if the 50-day Exponential Moving Average crosses above the 100-day Exponential Moving Average, further declines toward $3,470 - just below the 200-day Exponential Moving Average - could be on the cards.
The daily chart for the ETH/USDT pair
On the positive side, ETH needs to overcome the resistance of the main downward trend line and move above the $4500 level to resume its rise towards its all-time high.
The Relative Strength Index (RSI) and the Stochastic Indicator (Stoch) are trending downwards and testing their neutral levels. A sharp decline below these levels may accelerate the downward momentum.