$ETH
Ethereum has seen $45.3 million in liquidations over the past 24 hours, led by $22.7 million in long liquidations.
On the daily chart, ETH is extending its advance above a dense layer of Exponential Moving Average (EMA) support. The 20-day EMA at $2,441 underpins the immediate bullish tone, reinforced by the 50- and 200-day EMAs, which are about to post a golden cross. The move signifies that short-term buying is outweighing the earlier long-term downtrend.
Momentum stays constructive, with the 14-day Relative Strength Index (RSI) hovering near 63 and the Stochastic Oscillator (Stoch) around 59, suggesting positive but not extreme buying pressure as price grinds higher within the recent uptrend.
On the topside, ETH is testing the $2,544 initial resistance at the nearby horizontal barrier, followed by stronger supply at $2,626 and then $2,786.
On the downside, the first meaningful support is the 20-day EMA at $2,441, closely backed by the horizontal level at $2,431. A deeper pullback would expose the EMA cluster around $2,265 and the mid-range floor at $2,172, backed by the 100-day EMA below it.
As long as ETH holds above the $2,430 area, bulls could continue probing the $2,625 region, while a daily close below that zone would hint at a broader consolidation toward the lower supports.
#eth #ETH320 #mr320 #Trendingissue #writetoearn2026
Ethereum has seen $45.3 million in liquidations over the past 24 hours, led by $22.7 million in long liquidations.
On the daily chart, ETH is extending its advance above a dense layer of Exponential Moving Average (EMA) support. The 20-day EMA at $2,441 underpins the immediate bullish tone, reinforced by the 50- and 200-day EMAs, which are about to post a golden cross. The move signifies that short-term buying is outweighing the earlier long-term downtrend.
Momentum stays constructive, with the 14-day Relative Strength Index (RSI) hovering near 63 and the Stochastic Oscillator (Stoch) around 59, suggesting positive but not extreme buying pressure as price grinds higher within the recent uptrend.
On the topside, ETH is testing the $2,544 initial resistance at the nearby horizontal barrier, followed by stronger supply at $2,626 and then $2,786.
On the downside, the first meaningful support is the 20-day EMA at $2,441, closely backed by the horizontal level at $2,431. A deeper pullback would expose the EMA cluster around $2,265 and the mid-range floor at $2,172, backed by the 100-day EMA below it.
As long as ETH holds above the $2,430 area, bulls could continue probing the $2,625 region, while a daily close below that zone would hint at a broader consolidation toward the lower supports.
#eth #ETH320 #mr320 #Trendingissue #writetoearn2026
