Ethereum (ETH) is experiencing a bullish momentum as the Supertrend indicator turns green, signaling potential continued upside. Currently trading at approximately $2,323, ETH has shown a modest 0.2% change over the last 24 hours, with a trading range between $2,308 and $2,355. The trading volume has exceeded $18 billion, indicating sustained market interest. The recent breakout above the Supertrend indicator, which had previously acted as resistance, suggests the end of a corrective phase and the potential start of a new uptrend. The MACD indicator supports this positive shift, showing a bullish crossover with the MACD line above the signal line. This technical setup indicates that Ethereum may continue its upward trajectory if it maintains support above the Supertrend level of approximately $2,002. In the derivatives market, Ethereum has seen significant liquidation activity, with $35.03 million in total rekt positions over the past 24 hours. This includes $16.53 million in long liquidations and $18.49 million in short liquidations, reflecting the recent price breakout and associated market volatility.