Forecast:
A rebound from $2,131.25 could lead to a rise to $2,887 (EMA 20) and higher to $2,812 (Ichimoku Cloud). A break of these resistances would open the way to higher levels to $3,470. On a pullback, support is possible at $2,096 (EMA 200).
Conclusion:
Ethereum is testing important support at $2,131.25. A break of resistance at $2,887 and above could extend gains to $3,470 and beyond. Liquidations data shows buying pressure increasing above $2,500, which could push the price sharply higher.
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