Ethereum (ETH) saw $80.2 million in liquidations in the last 24 hours; $65.6 million were long liquidations. These numbers remained relatively modest compared to the $1.1 billion ETH liquidation on January 31.
This did little to ease the mood around the leading altcoin. Crypto and exchanges were in the same boat of despair after recent losses.
Ethereum The whales’ unrealized profit rate rose back into positive territory as prices surpassed the $2,000 level. Although this seems to indicate that bullish momentum may be occurring, AMBCrypto highlighted $2,353 level total realized price.
In other words, given the extremely fearful conditions, the $2.4k area could cap any possible upside as ETH holders could exit the market at the breakeven point. Long-term trends revealed a mixed picture.
ETH’s long-term bullish structure
On the weekly timeframe, ETH has an upward trending structure. Based on the rally from $1,383 to $4,955 in 2025, a series of Fibonacci retracement levels have been drawn. It showed that the 78.6% level was at $2,147.
ETH bulls have been struggling to regain this retracement level as support since their loss in February and were very close to pushing the price back above this level.
One concern was that OBV may have made a lower bottom compared to April 2025. At the same time, the MACD had not yet formed a bullish crossover; This is a sign that the higher time frame momentum has not started to change.
Meanwhile, the 1-day structure was in a downtrend and the H4 swing structure was in an uptrend. These were contradictory signs. Bitcoin (BTC)It showed a downward trend in both weekly and daily time frames.
Which direction should Ethereum investors and traders predict the price will go?
Ethereum tends to follow Bitcoin and the leading cryptocurrency has a long-term bearish trend. A rise towards $83,000 to $89,000 was possible in the coming weeks. This could take Ethereum towards the Fibonacci gold pocket of $2,770 – $3,049 on the daily time frame.
Therefore, a sustainable Bitcoin rally could push ETH towards $2.5K to $2.7K. This was the optimistic scenario. The lack of strong demand as OBV drops lower hints of the weekly time frame could severely limit any Ethereum rally.
Traders should also keep in mind the total price realized and the threat of taking profits if a rally occurs.
Final Summary
- Ethereum gave mixed signals on multiple timeframes. Weekly rise and daily decline charts posed a challenge for investors.
- A rally towards $3,000 is possible, but this depends on Bitcoin rising above $80,000 in the coming weeks and the shift in crypto market sentiment.
