Ethereum Steadies Near $2,380 as $2,400 Resistance Gets Repeated Tests

Overview

• Ether is holding above $2,300 and trading near $2,370 to $2,380 as the market runs into sell orders clustered around $2,388 to $2,400.
• Futures liquidations over the past 24 hours totaled about $38.7 million, and the $26.1 million in short wipeouts helped nudge the price higher.
• Short-term signals lean bullish as price sits above the 100-hour moving average, a trendline supports near $2,360, the MACD momentum gauge is rising, and the RSI stays over 50.
• On-chain data shows smaller wallets sold roughly 1.5 million ETH in two weeks, while large holders bought about 230,000 ETH last week.
• A clean move above $2,400 could open targets near $2,440 to $2,500, while another rejection keeps a dip toward $2,360 to $2,310 in play.