Ethereum Price Forecast:
$ETH risks rejection at 20-day EMA.
Ethereum has seen $56 million in liquidations over the past 12 hours, led by $42.8 million in short liquidations, according to Coinglass data. ETH is facing resistance at the 20-day Exponential Moving Average (EMA) again after bouncing off the lower boundary of a key symmetrical triangle that has been in place since November 21.
The top altcoin must establish a firm breakout above the 20-day EMA to test the triangle's resistance before staging a move toward the $3,470 hurdle. On the way up, ETH also has to clear the 50-day, 100-day