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- Ethereum Price Expectations: Ethereum tests the $2100 level after bouncing from $1740:
Ethereum network experienced liquidations of $136 million in futures contracts over the past 24 hours, led by $87 million in short positions liquidations, according to Coinglass data.
Ethereum (ETH) price rose from the $1740 support level on Friday after its largest drop since the liquidation event on October 10. The leading altcoin is testing the $2100 level on Saturday and could rise to $2380 if it breaks above. However, any rejection could push it back to the $1740 level.
Daily chart of ETH/USDT
The (RSI) and (Stoch) stochastic indicator have slightly declined from the oversold region, indicating a slight decrease in bearish momentum.