Ethereum price prediction: Can ETH hold $1,900 after $57.7M in whale buying?
Ethereum (ETH) extended its recovery, decisively breaking above the $1,894.89 resistance and accelerating towards $1,923.82, with the $1,940-$1,950 zone now in focus. This bullish momentum was supported by lower-than-expected U.S. inflation and confirmed by a significant green volume spike. Despite a brief consolidation, the RSI remained above 70, indicating buyers are attempting to establish $1,894.89 as new support.
The advance was fueled by significant short liquidations, with over $112.5 million liquidated in 24 hours—$92.2 million from shorts. A key liquidation cluster at $1,950 could trigger further upside if breached. Sustained buying pressure is needed to extend the recovery, with buyers currently absorbing selling pressure to maintain gains near $1,920.
ambcrypto07/16 07:32