👉Ethereum was trading at around $2,350 on Thursday, down more than 3% on the day, following $52.31 million in liquidations — with buy and sell liquidations accounting for $46.2 million and $6.11 million, respectively, according to Coinglass data.

👉ETH broke the $2,395 support on Wednesday and is attempting to reclaim this level after stalling near the 50-day SMA resistance.

👉As a result, the top altcoin is attempting to decline towards $2,310. Failure to bounce off this level would take ETH to support near the psychological $2,200 level.

👉The Relative Strength Index (RSI) is trending towards the oversold zone below 30, while the Stochastic Oscillator (Stoch) is in oversold conditions. This suggests a possible correction and a possible bounce from the $2,310 level.