The post ETH Price Faces Resistance At $2300, Liquidation Pressure Mount appeared on BitcoinEthereumNews.com.

ETH price has achieved stability after it regained its realized price value at $2,040. Further upward price movement faces strong obstacles at the next critical resistance level of $2,300. As of press time, ETH price of $2,081.55 exceeded the realized price values which reflected positive market sentiment and potential to move to $2300. A price breakthrough beyond $2,300 would be constrained because this level represents a historical major resistance band. A successful breach of this resistance area would create the possibility of a price increase towards $3,189. ETH price action chart Source: Glassnode The strongest level of support for price retracements occurs at $1,412 while the target resistance area stands at $1,412. The Ethereum market receives intense scrutiny from investors as it passes through these noteworthy price regions. Further price gains are likely after breaking $2,300 but the market could consolidate at realized prices in case of a breakout failure. Ethereum Liquidation Heat Map The liquidation heat map feature of Ethereum develops identified regions which present the risk of trader liquidation. The geographical map shows active liquidity centers which represent intensive trading activity. The market value of Ethereum stands at $2,075 while its primary trading areas exist between $2,200 and $2,235. High sell orders are located in these red zones so this area functions as an essential resistance barrier. Liquidity reaches its peak at $2,000 which might provide a supportive effect. The market zones require trader close observation due to their ability to trigger trading mechanisms which create price swings. ETH has a stronger potential to boost bullish trends if it surpasses the $2,200 mark. The price holding above $2,000 stops further selling pressure but failure at that level results in more selling activity. ETH liquidation heat map Source: Hyblock Capital Negative fluctuations in liquidity influence Ethereum price movements because…

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Filed under: News - @ March 28, 2025 2:26 am