https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimbXGaHdr1m36F2344uUfPWLgvtnnIWzBBORzNkp5FSelcaX9JdIGm1bMam6QJX3ArIH1i5vDTegC6l3bvnCU8zuT0EObLaRNzHPk93Sr1gngUYgIwmY5yxeioMoy1ygSxu6fWMcsa172MIW-Ergq80PwP-nQUTgI36W-L7d4SJFbZ6VwKkwmGmtllepgz/w640-h396/ETH%20latest%20price.jpgEthereum has seen a significant amount of futures liquidations in the past 24 hours, totaling $62.48 million.Out of this, $42.77 million came from long positions, while $19.71 million came from short positions. This suggests that many traders betting on ETH’s price increase were forced to sell their positions, contributing to the ongoing price decline.
The price of Ethereum has been struggling after falling below the important $2,560 support level on Monday. This drop has put ETH in a downward trend, as selling pressure continues to build. Without strong buyer support, the cryptocurrency might continue its decline, searching for the next major support zone.
Currently, Ethereum is looking for stability near the intersection of a descending channel and a rectangular channel, around the $2,200 level. If buyers manage to hold this support, ETH could stabilize or even bounce back. However, if this level fails to hold, the price might drop further, potentially testing the $1,500 support zone.
https://www.cryptocrit.xyz/2025/02/crypto-price-prediction-ethereum-eth_27.html 