#ETHOnTheRise

Ethereum is trading near $3,600 after sustaining $74.4 million in liquidations in the past 24 hours. Liquidated long and short positions accounted for 54.39 million and $20.02 million, respectively.

In the early Asian session, ETH saw a rejection near the upper boundary of a symmetry triangle represented by a descending trendline extending from its all-time high of $4,878.

If ETH can sustain a move above this trendline resistance, it could surge above its yearly high of $4,093 and test its all-time high resistance at $4,868. A high volume move above its all-time high resistance means ETH has completed a rounded bottom move, which could be a major catalyst to stage a long-term rally.

The Relative Strength Index (RSI) is above its neutral level, indicating bullish momentum is dominant in the market.