- Ethereum Price Outlook: Ethereum holds steady above $2,210 after rebounding from the 50-day exponential moving average:

Over the past 24 hours, the Ethereum network recorded liquidations totaling $54.4 million, driven by $34.5 million in short liquidations, according to Coinglass data.

On the daily chart, Ethereum is trading at $2,234, maintaining a positive upward trend, as the price holds above the (EMA) exponential moving averages for 20 days and 50 days at $2,128 and $2,156, respectively. This situation indicates buying interest on dips, even as the pair approaches a strong resistance range first defined by the (EMA) 100-day exponential moving average at $2,386, and then by a horizontal barrier at $2,388.

Momentum remains supportive, as the (RSI) relative strength index near 61 points to a strong bullish tone, although the (Stoch) stochastic indicator hovering in the overbought zone may lead to a short-term pause in price growth.

ETH/USDT $ETH Binance Chart Analysis
Daily chart of the ETH/USDT pair

On the downside, initial support is observed at the $2,210 level, ahead of the 50-day exponential moving average at $2,156 and the 20-day exponential moving average at $2,128, with additional support at $2,108. A breakdown of this level will lead to $1,909, then $1,741, as two prominent next demand zones.

As for the upside, immediate resistance is located at the intersection of the 100-day exponential moving average and the horizontal level at $2,388. Continued movement above this area could open the way toward $2,746.
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