$ETH would need to be able to hold key support levels for a potential rebound amid massive long liquidations.
Ethereum has experienced some moderate volatility over the past 24 hours, currently trading at $2,943. The crypto asset has shown a 0.7% increase in price within the last 24 hours, with the daily price range fluctuating between $2,902 and $2,971. Ethereum’s performance has been somewhat muted over the last week, down by 11.4%.
Looking at the past 14 days, Ethereum has experienced a 3.7% drop, reflecting broader market trends and sentiment. The market capitalization stands strong at $355.8 billion, highlighting Ethereum’s prominent position as a market leader. In the next sessions, traders will explore how Ethereum is navigating its long-term price trends and where ETH is headed.
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