Ethereum price is expected to bounce above the major moving averages, with traders keeping an eye on a possible breakout towards the $2,800 area, although a dense pocket of liquidation remains below the market.
summary
- Ethereum has regained its 20-day and 50-day EMAs, forming a symmetrical triangle heading towards an upside target of $2,800 to $2,850 if the bulls maintain momentum.
- According to data from Coinglass, long-term liquidations below $2,174 are about $1.8 billion, while above $2,400 could trigger about $792 million in short-term liquidations.
- $ETH Bitcoin is trading around $2,201, with a broader range of major stocks rallying, with leverage at around $73,778 leading the way, with leverage building up on both sides and execution risk increasing.
Ethereum ($ETH) Price has regained some key technical levels, and analysts currently set $2,800 as a realistic upside target if bulls can maintain momentum. A recent study compiled by Jinshi Finance states: $ETH It retraced above the 20-day exponential moving average (EMA) near $2,072 and the 50-day EMA near $2,210, breaking out of the previous bearish flag and forming a symmetrical triangle structure. If this triangle were to resolve higher, the reading prediction would be towards around $2,850. This area also coincides with the 200-day EMA and the major resistance zone from the beginning of the year.
This is just wild.
Cryptocurrencies just had a major green week as the war between the US and Iran wiped out trillions of dollars in gold, silver and global equities.
Bitcoin rose +11% to $73,000.
$ETH Up +13% to almost $2,200.$ETH has just printed its first green weekly magazine… pic.twitter.com/PmI3xZp0aQ
— Bull Theory (@Bull Theoryio) March 16, 2026
Ethereum price prediction
The downside is that derivatives positioning creates a clear line in the sand. Coinglass data cited in the same report shows that: $ETH Below approximately $2,174, cumulative long liquidations across major centralized exchanges would reach approximately $1.817 billion, concentrated in highly leveraged PERP and futures positions. In contrast, a breakout of the $2,400 area could reverse the scenario and result in an estimated cumulative short-term liquidation of $792 million, spurring an upside move towards the $2,800-$2,850 target. In other words, the price is locked in between a fairly long liquidation air pocket below and a short liquidation zone built up above.
Spot traders and derivatives traders have already begun taking positions near that range. According to price data from crypto.news, Ethereum is currently trading around $2,201, up about 6.8% over the past 24 hours, with a session range of about $2,041.70 to $2,200.03, and a 24-hour volume of about $27.76 billion. Bitcoin, which continues to set a broad risk tone, is up 5.8% on the day, hovering around $73,778, with a 24-hour low of $69,460 and high of $73,770 on a trading volume of over $55.4 billion. These moves signal the latest bid. $ETH This isn’t happening in isolation, but as part of Major League Baseball’s broader rise in the wake of recent Iran-led volatility.
For traders, this setup is dichotomous and quite obvious. If we lose the $2,170-$2,200 zone, the $1.8 billion long liquidation overhang becomes a real risk. A return to $2,400 and holding there could force shorts into a low-liquidity move towards the 200-day EMA. With this type of structure, execution and sizing are more important than confidence, especially when leverage is stacked on both sides of the book. Readers can monitor intraday levels for Ethereum and Bitcoin on the crypto.news dashboard. For more context on how derivatives positioning has shaped recent moves, see Why Bitcoin Drops Below $66,000 Early in the Cycle, the Latest ETF-Led Flows $BTCand Michael Saylor’s ongoing accumulation of treasury-backed Bitcoin.
read more: Bitcoin and Ethereum outpace gold as ETF demand and corporate finances tighten $BTC supply
