Currently, Ethereum is trading at around $2500 amid noticeable price fluctuations and liquidations in the market.
Current Situation with Ethereum
Ethereum is showing a modest increase of 0.20% over the last 24 hours, helping it maintain its position around $2500. Statistics show liquidations totaling $103.94 million in ETH have been recorded. The market capitalization of Ethereum stands at $309 billion. The overall market sentiment remains mixed, with assets continuing to exhibit volatility.
Possible Scenarios for ETH
If the current bearish trend continues, the price may drop to the $2505 level, leading to increased corrections. However, if bulls initiate an upward movement, ETH might recover to the resistance level of $2600 and possibly continue to rise towards $2660.
Market Indicators and Forecasts
Indicators like the Chaikin Money Flow and Bull Bear Power show positive signs, although the MACD indicates potential further declines. The RSI hovering around 59.5 suggests a neutral trend with room for upside.
The overall situation with Ethereum remains uncertain, with the market recording price fluctuations around $2500 and potential developments expected in the coming days.
