Ethereum shows a strong upward force, reclaiming the key $3K level while indicating a strong control by buyers. The cryptocurrency aims to reach further target zones.
Ethereum Price Analysis: Technical Overview
ETH has sustained its upward trajectory, building on the bullish momentum that drove it above the key $3K psychological resistance, marking a strong show of force from the buyers.
Daily Chart
The market is now approaching a significant supply zone between $3.2K and $3.4K, an area historically associated with increased selling pressure. A successful push through this order block could signal further upside.
Market Liquidation Analysis
Current liquidation data from Binance shows that the path toward the $4K region appears relatively clear of significant liquidity pools. However, beyond the $4K mark lies a substantial liquidation cluster.
Ethereum demonstrates sustained growth, and potential achievements at higher levels may pave the way for new all-time highs. However, temporary phases of correction also remain likely.
