Ethereum (ETH) is expected to experience significant upside momentum and has received a buy signal from a prominent crypto expert. The TD Sequential indicator has indicated a buy signal for both daily and weekly time frames. If ETH can hold above the breakout area, it could potentially surge by 10% to reach $3,000 in the near future. There has been a recent shift in sentiment and breakout in the overall cryptocurrency market, attracting attention from traders and investors. ETH open interest has increased, indicating rising participation and new positions. However, intraday traders are heavily favoring long positions. There are significant liquidation levels at $2,620 and $2,725, with traders being over-leveraged at these levels. If the price rises to $2,725, nearly $100 million worth of short positions will be liquidated, while a drop to $2,620 will liquidate nearly $570 million worth of long positions. This data shows that traders are strongly betting on the long side. ETH is currently trading at around $2,685 and has experienced a 4% surge in the past 24 hours, with a modest increase in trading volume.



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