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Ahmed Barakat
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Ethereum price is trading at $2,350-$2,351 after posting consecutive daily gains of 4.76% and 6.32% in recent sessions, but the chart tells a more complex story.
Distribution pressure from whale groups sitting near the average cost basis creates a ceiling that the bulls have yet to clear. One resistance level, in particular, is doing most of the heavy lifting right now.
according to Encrypted quantityThe major whale and retail groups are holding average cost basis levels between $2,324 and $2,436, a range that neatly brackets the current price action and creates natural selling pressure as holders look to exit near breakeven.
Spot inflows of ETH ETFs in the US returned to $67.8 million on Wednesday after five consecutive days of net inflows according to SoSoValue data, indicating a slow but real institutional re-engagement.
Meanwhile, liquidations reached $111.6 million over the past 48 hours, including $70.8 million in long trades, according to Coinglass, a painful reminder that leverage remains a liability at these levels.
Broader crypto sentiment has stabilized alongside stock markets, but ETH’s internal metrics suggest the recovery lacks the volume conviction needed to flip the next major resistance area. The next 72 hours may determine whether this is a base-building phase or a fake operation.
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Can Ethereum price break above the $2,400 level and confirm a bullish trend reversal?
Ethereum price is basically stuck under the roof, and the $2,400 level is the level that is doing all the damage, as it is in line with both resistance and the 100-day moving average, and every push to it is constantly being rejected.
The structure below still looks strong, with the price holding above the 20 and 50 day averages, keeping the bias slightly bullish as long as this continues.
Momentum is fairly neutral at the moment, the RSI is in the middle, and the MACD is still weak but flat, which usually means a larger move has started but has not established a direction yet.
If ETH can break above $2,400 on real volume, this is where things quickly open up towards $2,500 and higher, because the structure is already there to continue.
But if it continues to fail at this level, a pullback becomes more likely, with the $2,200 area as the first area that needs to hold, and if that continues, it could drop further lower quickly.
So, this is one of those tight setups where everything comes down to one level, breaks it, works, fails again, and pulls back.
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LiquidChain targets early upside as Ethereum tests key resistance
ETH’s recovery is real, but accounting for the rise from, say, $2,350 to $3,000 represents roughly 27% — which is respectable, but not the type of asymmetric return that early cryptocurrency cycles were built on.
For traders are watching Ethereum open interest dynamics Waiting for confirmation before sizing, there is a parallel conversation happening in infrastructure at an early stage.
liquid series (liquid) It is a third-tier infrastructure project with a specific architectural proposal: it integrates the liquidity of Bitcoin, Ethereum and Solana into a single execution environment, which the project calls Unified Liquidity Layer. Developers deploy once and access all three ecosystems.
The mechanisms include single-step execution, verifiable settlement, and a once-deployment architecture designed to eliminate the fragmentation that continues to quietly kill cross-chain DeFi strategies. The pre-sale price is currently $0.0145, and $675,934.65 has been raised so far.
This is an early stage of traction, not a full build-up – and the distinction is important. Pre-sales carry execution risk, no guarantees of liquidity, and token unlocks that can put pressure on the price after launch. Do the work before committing capital.
