Ethereum trades in the $3.6K zone over the past 24 hours.
The market saw $92.74 million worth of Ethereum liquidated.
With the altcoin season around the corner, major altcoins show varied trends. Despite rallying, the largest altcoin, Ethereum (ETH), is grappling at $3.6K. ETH should stage a strong upside correction to push the price past the $4K barrier.
ETH has experienced a pullback in its price after visiting the $4K resistance level. Notably, Ethereum’s price remained stable above the $3.6K zone, and it is currently consolidating and targeting beyond the $3.7K resistance. Over the last 24 hours, ETH has reached a low of $3,520 after testing $3,773 in the early hours.
ETH price chart (Source: CoinGecko)
The altcoin had a modest loss of 1.17%. At press time, ETH trades at $3,661. In addition, the market observed a liquidation of $92.74 million worth of Ethereum during this timeframe. In the meantime, the daily trading volume of the altcoin stays at $51.87 billi
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