Ethereum and similar high-risk assets are holding above critical support levels. Investors are reacting to ongoing volatility and uncertainty.
Ethereum and Its Price Levels
On Tuesday, Ethereum's price hovered around $2,520 due to ongoing sales from both recent buyers and long-term holders. Trading volumes surged, which led to increased volatility.
Market Signals and Potential Changes
Signals for potential market shifts are emerging not only for Ethereum but also for ratios like Copper vs. Gold and RTY to US500. These assets are trading in zones that have historically initiated significant directional changes.
ETH Futures Liquidations
Over $71 million in ETH futures liquidations have been recorded amid rising volatility around critical price levels.
Ethereum continues to hold above the key $2,500 level despite ongoing selling pressure and volatility, which may indicate potential sentiment shifts among investors amid macroeconomic uncertainty.
