The crypto market is heating up again as traders closely watch the next big move for Ethereum. After recovering from recent dips, ETH is now approaching a key resistance zone near $2,100.
Market data shows that a large number of short positions could be liquidated if Ethereum breaks above this level. A strong breakout may trigger a chain reaction of liquidations, pushing the price even higher within a short period.
At the same time, Bitcoin continues to hold strong near major support levels, which is helping stabilize the overall crypto market sentiment.
If bullish momentum continues, altcoins like Solana and XRP could also follow the upward move.
For now, traders are watching the charts carefully as the next breakout could bring significant volatility to the crypto market.
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