Ethereum continues to demonstrate resilience as it holds firm above critical support levels. Analysts noted that the asset has repeatedly respected its uptrend line. Buying momentum has returned during each retest, keeping the bullish structure intact.
Technical Momentum and Breakout Levels
Crypto analyst Lark Davis reported that Ethereum has consistently bounced from its rising orange trendline. His shared chart showed that the structure remains intact, with the 20-day Exponential Moving Average (EMA) acting as short-term support.
Analysts identified $4,800 as the crucial breakout point. They suggested that a decisive move above this level could trigger Ethereum’s next rally phase.
Liquidation Risks and Exchange Exposure
The ETH Exchange Liquidation Map revealed that short liquidation leverage is heavily concentrated and outweighs long liquidations at this price zone.
Large exchanges hold significant exposure. Binance accounts for $43.89 million, while OKX carries $4.08 million. Analysts said that this imbalance could trigger cascading effects if Ethereum pushes higher.
