Ethereum Trades Near $2,126 as $126.45M in Liquidations Hit Market

Ethereum is trading near $2,126 within a consolidation range of $2,000–$2,200, rebounding from an earlier dip near $2,040, The Crypto Basic reports. Technical indicators on the daily chart show weakening downside momentum, with the Average Directional Index at around 35 and the Awesome Oscillator below zero but printing green bars, which could signal potential upside toward the $2,300–$2,400 resistance band if buying interest persists. Derivatives data over the past 24 hours show about $126.45 million in Ethereum liquidations, including roughly $101.40 million in shorts and $25.05 million in longs, underscoring ongoing volatility in the ETH market.