Ethereum

bullish

Toncoin

when

Daily

<ul>
 <li>Ethereum price is showing signs of attempting a price recovery in the past day.&nbsp;</li>
 <li>The recent dip has resulted in Ethereum witnessing increased liquidations as per coinglass data.</li>
</ul>
The second largest cryptocurrency, Ethereum, in an interesting turn of events, halted its price declines. The altcoin showed a price recovery following its recent brief price dip. Meanwhile, the overall cryptocurrency market has reverted to bullish after Wednesday’s price decline. Bitcoin, however, still remains below the $60K level.&nbsp;
Notably, Ethereum’s daily price movement reflects a 0.87% increase with prices climbing above the $2.5K level after Wednesday’s slump, attempting recovery. ETH’s daily price chart shows the token’s struggles to keep prices from sliding to $2,400. In the Asian afternoon hours, the altcoin traded at $2,512 before more bearish movements made prices fall to previous support levels.&nbsp;
Moreover, the token’s intra-day high was noted at $2,559, when the aforementioned surge occurred. At the time of writing, Ethereum was trading at $2,541 according to CMC <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">data</a>. Additionally, ETH’s daily trading volume showed a 19.48% decline.&nbsp;
Zooming out, over the last 7 days, Ethereum shows a price performance of 2.96% decline. This performance results from the slump instigated by <a href="https://thenewscrypto.com/what-has-caused-bitcoin-to-drop-below-60k-recently/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s</a> flip to $59K from $65K. At the beginning of the week, ETH was trading at $2,600 levels before breaking resistance and hitting a weekly high of $2,820.&nbsp;
Meanwhile, the US spot ETH ETFs have shown inflows breaking a 9-day streak of consistent outflows in funds, as per Sosovalue data. Other particular crypto assets such as <a href="https://thenewscrypto.com/toncoin-ton-price-jumps-as-block-production-resumes/" target="_blank" rel="noopener noreferrer nofollow">Toncoin</a> also garnered market attention with significant price activity.&nbsp;
<h3 class="wp-block-heading" id="h-what-to-expect-for-ethereum-price-in-the-coming-days-nbsp">What to Expect For Ethereum Price in the Coming Days?&nbsp;</h3>
Presently, according to TradingView data, Ethereum has begun to show price recovery, right before an MA crossover. When inferring the chart, the token’s 9-day MA stands slightly above the 21-day MA anticipating a cross. However, if Ethereum manages to sustain the one-day positive momentum for longer, it can prevent a bearish turn.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeHVvAl_oNyfNmkzgqXvIabe6tuHFQ9qHLOeYeD9Uye48P_tshxrR6Sc0NTPw7gu1pcVWuV6j4imZuy7YgsQWsnzGxvDoU1UbIxyGwdGH47Ieq_KH4EB-q_nz5fQQ0Vk1SKlsrWmEnNSFYDoY-3Ly8gG3-2?key=uWNdd10gnzMzAGm5L4RNvw" alt="">
 <figcaption class="wp-element-caption">ETH/USDT Daily Price Chart (Source: <a href="https://www.tradingview.com/symbols/ETHUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Meanwhile, the current dip has propelled a selling signal in the token as indicated by the RSI standing at 40.96. Additionally, Ethereum also recorded high liquidations worth $19.51 million in the last 24 hours according to coinglass <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
Finally, the token if taking a positive turn is expected to surpass $3K in order for the token to be classified as showing a bullish trend.&nbsp;
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How Will Ethereum Navigate its Price From Current Recovery Levels?

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