Ethereum’s Uncertain Future: Bullish and Bearish Signals Suggest a Week of Volatility

Ethereum’s price is currently hovering near $4,400. The market witnessed significant liquidations, with over $62.4 million in ETH being liquidated. This suggests traders are experiencing uncertainty as the market shows both green and red signals. While Bitcoin (BTC) remains stable at around $110,900, Ethereum’s performance has been mixed, stuck in a bear trap for days despite a recent jump to $4,489 after initial bottoming out near $4,344. 4.5% of the total value traded for ETH during the day is worth about $36.43 billion. Traders are looking closely at Ethereum’s potential break above key resistance levels as it navigates a volatile week.