Ethereum price prediction $2.8K as bulls defend key levels and $1.8B in long liquidations

Ethereum price shows bullish momentum as it reclaims key technical levels and targets $2,800, though traders remain cautious due to $1.8 billion in long liquidations hanging below current price levels. The cryptocurrency has bounced above important moving averages, signaling potential upward breakout momentum.

• →Ethereum has reclaimed several important technical levels and is showing bullish momentum above key moving averages.
• →Price prediction targets $2,800 as traders watch for a potential breakout from current levels.
• →A significant $1.8 billion in long liquidations creates a dense liquidation pocket below the market.
• →Bulls are successfully defending key support levels despite the liquidation pressure.
• →Technical analysis suggests potential upward momentum if current levels hold.