Ethereum's recent rally has brought it close to several critical resistance levels:
$2,100: This level aligns with the 100-day simple moving average and represents a significant hurdle. A decisive move above this could signal further bullish momentum.
CryptoPotato
$2,250–$2,330: This zone has historically acted as a strong resistance area. Breaking through this range could open the path toward higher targets.
FX Leaders
$2,489, $2,618, and $2,860: These are subsequent resistance levels to monitor if Ethereum continues its upward trajectory.
•LIQUIDATIONS
If $ETH continues to climb, these levels could trigger a cascade of liquidations, pushing the price quickly toward $2,600 or higher due to short squeezes. Conversely, if price reverses and drops below support at $2,200 or $2,050, long positions may begin liquidating, potentially accelerating a dip toward the $1,970 level. Monitoring open interest, funding rates, and price action near these zones will be key for anticipating sharp moves caused by liquidation events.