$ETH is currently fighting a fierce battle at the 2,942.51 mark as volatility returns to the market. Despite a 24-hour high of 2,975.99, the price has slipped back toward the 2,908.56 support level, leaving traders on edge. Technical indicators show the MA(7) at 2,933.80 and the MA(25) at 2,928.39 providing a thin cushion against a deeper pullback, while the MA(99) at 2,939.88 suggests the long-term trend is under immediate pressure. With 24-hour volume reaching 261,714 ETH and a total USDT turnover of 769.59 million, the liquidations are mounting as bulls struggle to reclaim the 3,000 level. All eyes are now on the 2,954.00 resistance; a breakout could ignite a late December rally, but failure to hold current support might lead to a sharp correction toward year-to-date lows

ETH

2,855.05

-2.63%