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Although sentiment toward Ethereum (ETH) remains largely pessimistic, crypto analyst Mister Crypto predicts that the second-largest cryptocurrency by market cap could be on the verge of a parabolic rally, mirroring its historical price action from 2020. Ethereum About To Witness A Change Of Fortune? Following US President Donald Trump’s highly anticipated reciprocal tariff announcement, the crypto market took a sharp plunge, wiping out over $140 billion in the past 24 hours. During this period, ETH tumbled by 5% and is at risk of setting fresh cycle lows in the $1,700 range. Related Reading: Is Ethereum Breaking Free from the Bear Trap? Analysts Weigh In Despite the negative sentiment, crypto analyst Mister Crypto suggests that ETH may soon experience a sharp momentum shift. In an X post shared earlier today, the analyst noted that while retail investors may have abandoned ETH, large investors – commonly referred to as whales – have not. Mister Crypto shared the following chart, highlighting striking similarities between ETH’s current price action and its 2020 trajectory. He added that if history repeats itself, ETH could see strong bullish momentum in Q2 2025. Fellow crypto analyst CryptoGoos echoed Mister Crypto’s perspective, arguing that ETH is “extremely undervalued” at its current price levels. The analyst also shared a chart illustrating how ETH whales are accumulating the asset at a record pace. The data reveals that wallets holding between 10,000 and 100,000 ETH have been accumulating at an accelerated rate since early 2025. This trend persists despite ETH’s decline from approximately $3,350 on January 1 to around $1,700 at the time of writing. Another cryptocurrency analyst, Crypto Caesar, noted that ETH is likely approaching a bottom, as it is currently trading near the same price level it held four years ago. However, he cautioned that if ETH breaks below its current support, it could decline further to the $1,200 range. ETH May Have More Pain Ahead While whale accumulation suggests long-term optimism for ETH, some analysts warn that further downside may be imminent before a potential recovery. In a recent analysis, crypto market expert Cryptododo7 predicts that ETH may eye bearish targets around $1,130 to $1,200. Related Reading: Ethereum Flashing Bullish Signals, But Rising Exchange Reserves Raise Concerns – Details Similarly, analyst CryptoBullet highlighted that ETH has now touched the 300-week moving average for only the second time in its history – an event that has historically signalled a bearish trend. Despite these cautionary outlooks, market commentator Titan of Crypto recently stated that ETH is still on track to reach new all-time highs later this year. At press time, ETH trades at $1,777, down 5% in the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com

Ethereum price attempted a recovery wave above the $1,820 level but failed. ETH is now consolidating losses and might face resistance near the $1,840 zone. Ethereum failed to stay above the $1,850 and $1,840 levels. The price is trading below $1,840 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $1,810 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,820 and $1,840 resistance levels to start a decent increase. Ethereum Price Dips Further Ethereum price failed to stay above the $1,800 support zone and extended losses, like Bitcoin. ETH traded as low as $1,751 and recently corrected some gains. There was a move above the $1,780 and $1,800 resistance levels. The bulls even pushed the price above the 23.6% Fib retracement level of the downward move from the $1,955 swing high to the $1,751 low. However, the bears are active near the $1,820 zone. The price is now consolidating and facing many hurdles. Ethereum price is now trading below $1,820 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,810 level. There is also a short-term bearish trend line forming with resistance at $1,810 on the hourly chart of ETH/USD. The next key resistance is near the $1,840 level or the 50% Fib retracement level of the downward move from the $1,955 swing high to the $1,751 low at $1,850. The first major resistance is near the $1,880 level. A clear move above the $1,880 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,850 resistance, it could start another decline. Initial support on the downside is near the $1,765 level. The first major support sits near the $1,750 zone. A clear move below the $1,750 support might push the price toward the $1,720 support. Any more losses might send the price toward the $1,680 support level in the near term. The next key support sits at $1,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,750 Major Resistance Level – $1,850

Ethereum (ETH) continues to underperform in the broader cryptocurrency market, currently trading just below $1,800 after falling 4% in the past 24 hours. Despite a strong start to the year, where the crypto market experienced bullish momentum, ETH has failed to sustain its upward trajectory. Since slipping below the $3,000 level, the asset has largely ranged downward and has now breached the $2,000 support zone, signaling weakening demand and sentiment. While Bitcoin and other major digital assets still managed to see some recovery efforts in recent weeks, Ethereum’s price decline has been accompanied by decreasing network activity and weakening on-chain fundamentals. This divergence has raised concerns over ETH’s short-term outlook and prompted a fresh analysis of the underlying causes driving the asset’s performance. Related Reading: Whales Dump 760,000 Ethereum in Two Weeks — Is More Selling Ahead? Fee Decline and Network Inactivity Fuel Inflationary Pressures CryptoQuant analyst EgyHash recently published a report highlighting key on-chain metrics that suggest Ethereum’s current market weakness is closely tied to its declining fee economy and user activity. According to the report titled: “Why Ethereum Is Bleeding Value: Fee Crash Meets Hyperinflation Hellscape.” Ethereum’s network is experiencing its lowest levels of activity since 2020. Daily active addresses have declined steadily since early 2025, and average transaction fees have dropped to record lows. This reduction in activity has led to a sharp fall in Ethereum’s burn rate, a metric crucial in offsetting inflationary pressures following the network’s transition to proof-of-stake. Related Reading: Ethereum Price Approaches Resistance—Will It Smash Through? The Dencun upgrade, which was expected to enhance network efficiency, has coincided with an extended period of low transaction volumes, further reducing fee income and contributing to higher net ETH issuance. EgyHash concludes that the confluence of weak network engagement, reduced burn rate, and high token inflation is central to Ethereum’s declining valuation. Why Ethereum Is Bleeding Value “Ethereum’s recent underperformance can be largely attributed to diminished network activity, as evidenced by declining active addresses and reduced transaction fees.” – By @EgyHashX pic.twitter.com/fgQJYCrOIn — CryptoQuant.com (@cryptoquant_com) April 3, 2025 Ethereum Technical Outlook Signals Potential Support Despite on-chain headwinds, some technical analysts maintain a cautiously optimistic view. Trader Courage, a technical analyst on X, noted that Ethereum is currently testing a major support zone and could rebound toward the upper resistance of its current trading range. $ETH / #ETH 1H chart ???? Back at the green support line. Looks like we could be heading towards the top of the range. Key levels are on the chart.#Ethereum pic.twitter.com/rRX8b3b6nW — Trader Courage ???? (@CryptoCourage1) April 3, 2025 Another market analyst, CryptoElite, shared a long-term ascending trendline that ETH has respected historically. Based on this trend, the analyst believes ETH could still have the potential to rally to $10,000 later in the year, provided broader market conditions improve. Featured image created with DALL-E, Chart from TradingView

Ethereum core developers have confirmed that the highly anticipated Pectra upgrade will be deployed on May 7. Nixo Rokish, a member of the Ethereum Foundation’s protocol support team, shared the news in an April 3 post on social media, saying: “Pectra mainnet date confirmed May 7. Let’s gooooo.” Ethereum core contributor Terence further clarified that […]
The post Ethereum overcomes setbacks, confirms Pectra upgrade for May 7 appeared first on CryptoSlate.

Ethereum (ETH) continues failing to reclaim the $2,100 resistance, dropping 6% in the past week. As the second largest crypto trades within its “make or break” levels, some market watchers suggest it will continue to move sideways before another major move. Related Reading: ACT Memecoin Crashes 50% As Several Altcoins Suddenly Tank On Binance – What’s Going On? Ethereum Trades At 2023 Levels After closing its worst Q1 since 2018, Ethereum continued moving sideways, hovering between the $1,775-$1,925 price range. Amid last Monday’s recovery, Ethereum traded only 6% below its monthly opening, eyeing a potential positive close in the monthly timeframe. Nonetheless, the cryptocurrency fell over 10% from last week’s high to close the first quarter 45.4% below its January opening and 18.6% from its March opening. Moreover, it registers its worst performance in seven years, recording four consecutive months of bleeding for the first time since 2018. Daan Crypto Trades noted that ETH is “still trading in no man’s land” despite its recent attempts to break above its current range. In early March, Ethereum dropped below the $2,100 mark, losing its 2024 gains and hitting a 16-month low of $1,750. The trader suggested that the crucial levels to watch are a breakdown below $1,750 or a breakout above $2,100. “Anything in between is just going to be a painful chop,” he added. Another market watcher, Merlijn The Trader, highlighted that ETH is at 2021 levels, pointing that it is trading within the breakout zone that led to Ethereum’s all-time high (ATH) but has stronger fundamentals and more institutional demand four years later. “ETH is sitting on the same monthly support that ignited the 2021 bull run. Hold it, and $10K is in play. Lose it… and things get ugly,” he detailed. More Chop Before ETH’s Next Move? Analyst VirtualBacon considers that Ethereum will continue to trade within its current price range for the time being. He explained that ETH’s price has fallen to retest the last bear market resistance levels, as it has erased all its gains since November 2023. The analyst considers this zone a “good value range” but doesn’t expect the cryptocurrency to break out “right away.” However, he added that a bullish breakout is “simply a matter of time” in longer timeframes. “Ethereum always catches up when the Fed pivots and the global liquidity index beings to uptrend. That’s when you see the ETH/BTC ratio start to turn up again, leading the rest of the altcoin market,” he concluded. Related Reading: Is Bitcoin (BTC) Poised For A Q2 Recovery? Analyst Points To 2017 Similarities Ali Martinez pointed out that the number of large ETH transactions has significantly declined in over a month, dropping 63.8% since February 25. During this period, large transactions fell from 14,500 to 5,190, signaling a drop in whale activity on the network. He also noted that whales have sold 760,000 ETH in the last two weeks. As of this writing, Ethereum trades at $1,903, a 6% drop in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum price attempted a recovery wave above the $1,880 level but failed. ETH is now trimming all gains and remains below the $1,880 resistance zone. Ethereum failed to stay above the $1,850 and $1,880 levels. The price is trading below $1,850 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $1,865 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,865 and $1,890 resistance levels to start a decent increase. Ethereum Price Fails Again Ethereum price managed to stay above the $1,800 support zone and started a recovery wave, like Bitcoin. ETH was able to climb above the $1,850 and $1,880 resistance levels. The bulls even pushed the price above the $1,920 resistance zone. However, the bears are active near the $1,950 zone. A high was formed at $1,955 and the price trimmed most gains. There was a break below a key bullish trend line with support at $1,865 on the hourly chart of ETH/USD. A low was formed at $1,781 and the price is now consolidating near the 23.6% Fib retracement level of the downward move from the $1,955 swing high to the $1,781 low. Ethereum price is now trading below $1,850 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,850 level. The next key resistance is near the $1,865 level and the 50% Fib retracement level of the downward move from the $1,955 swing high to the $1,781 low. The first major resistance is near the $1,920 level. A clear move above the $1,920 resistance might send the price toward the $1,950 resistance. An upside break above the $1,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,050 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,865 resistance, it could start another decline. Initial support on the downside is near the $1,800 level. The first major support sits near the $1,780 zone. A clear move below the $1,780 support might push the price toward the $1,720 support. Any more losses might send the price toward the $1,680 support level in the near term. The next key support sits at $1,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,780 Major Resistance Level – $1,865

Crypto analyst Klejdi has indicated that Ethereum’s pain is far from over, with the second-largest crypto by market cap set to suffer a further downtrend. Specifically, he warned that ETH could still drop to as low as $1,400 before it finds a bottom.  Ethereum May Still Drop To As Low As $1,400 In a TradingView post, Kledji stated that Ethereum may drop to $1,400, providing a bearish outlook for the altcoin, which has underperformed other top cryptocurrencies. The analyst noted that ETH lost nearly 12% of its value within just three days after breaking out of its recent pattern last Friday.   Related Reading: Crypto Pundit Says Bears Will Continue To Dominate Ethereum Price, Here’s For How Long He further mentioned that Ethereum’s movement and the rest of the crypto market are closely tied to Bitcoin. As such, this ETH crash is likely to happen, seeing as the flagship crypto has dropped to $81,300 and is already showing signs of further decline.  Klejdi highlighted in his accompanying chart that ETH will likely consolidate near its current level before continuing to move lower. However, the chart showed that the move to this $1,400 target will likely happen this month.  In the meantime, the analyst believes it would be wise to wait for Ethereum’s price to form another bearish pattern before entering a trade. He again reaffirmed that there is a strong possibility that ETH may extend its drop to $1,400.  Ethereum whales are already capitulating ahead of this projected price crash. Onchain analytics platform Lookonchain revealed an ETH OG that has sold off all its holdings. This investor bought 5,0001 ETH while trading at $277 in 2017 and didn’t sell when the altcoin hit its ATH during the last bull run. The whale started selling last month, possibly giving up on Ethereum making a comeback anytime soon.  ETH Will Still Reach New Highs Crypto analyst Virtual Bacon is still confident that Ethereum will reach new highs. He noted that ETH is back at its key bear market breakout zone, retesting the $1,700 and $2,100 range. He predicts that the altcoin will continue to chop around this range in the short term. However, he remarked that Ethereum tends to catch up fast once the US Federal Reserve pivots and global liquidity turns.  Related Reading: Ethereum Price Forms Megaphone Bottom Not Seen Since 2020, Here’s What Happened Last Time Crypto analyst Crypto Patel affirmed that Ethereum’s biggest run is coming. He stated that Q2 to Q4 of this year will be life-changing for ETH. The analyst added that this could be the cycle top window and advised market participants not to miss it. Crypto Patel advised that they should accumulate between $1,900 and $1,300 with the target of between $7,000 and $10,000 in mind.  At the time of writing, the Ethereum price is trading at around $1,850, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

Ethereum continues to face strong headwinds as it trades below the $1,900 mark, with bullish momentum fading and market sentiment growing increasingly fearful. After a brief attempt to stabilize, ETH has resumed its downward trajectory, now down over 35% since late February. Price action remains weak, and investors are bracing for more potential downside as selling pressure shows no sign of easing. Related Reading: Whales Offload 200M Cardano During March – The Start Of A Trend? Contributing to the bearish outlook, on-chain data from Santiment reveals that whales have offloaded approximately 760,000 ETH in just the past two weeks. This significant sell-off by large holders adds weight to the growing concerns that the market may be entering a deeper correction phase. When whales exit in size, it often reflects declining confidence and triggers a wave of additional selling from smaller investors. With macroeconomic uncertainty still shaking financial markets and Ethereum’s key support levels under threat, the outlook for ETH remains fragile. Bulls must act fast to reclaim momentum and prevent a slide into lower demand zones. Until then, the combination of fading demand, technical weakness, and aggressive whale selling continues to cloud Ethereum’s near-term path, leaving traders on edge as the next move unfolds. Ethereum Whale Selling Grows and Market Confidence Fades Ethereum continues to show signs of sustained selling pressure, and the broader market is starting to accept that the current downtrend may persist. With ETH trading well below key resistance levels and struggling to hold above $1,900, confidence among traders and investors is weakening. Macroeconomic uncertainty, fueled by rising global tensions, unstable interest rate expectations, and unpredictable policy moves, has shaken financial markets. High-risk assets like Ethereum are taking the hardest hits, with volatility amplifying every move. Despite the weakness, there’s still a glimmer of optimism across the market. Some investors believe Ethereum could mount an aggressive recovery, especially if broader conditions stabilize or if ETH finds strong support around current levels. However, that optimism is starting to fade in the face of poor price action and concerning on-chain data. Top analyst Ali Martinez shared insights on X, revealing that whales have sold approximately 760,000 ETH over the past two weeks. This significant offloading by large holders adds to the ongoing bearish pressure and suggests that confidence among big players is declining. Whale movements are closely watched, as they often precede or confirm broader market trends. Still, markets are dynamic, and this trend could shift quickly. If Ethereum can hold key support zones and macroeconomic conditions begin to calm, the same large players currently selling may reenter the market in anticipation of the next rally. For now, though, Ethereum remains in a fragile state, with continued selling and cautious sentiment likely to dominate the short-term outlook. Bulls must step in soon to shift the trend — or risk watching ETH slide further in the weeks ahead. Related Reading: XRP MVRV Ratio Dips Below The 200-Day MA – Trend Shift Underway? Bulls Struggle to Reclaim Key Levels Ethereum is currently trading at $1,880 after several days of weak price action, caught in a tight range between $2,000 resistance and $1,750 support. Despite multiple attempts, bulls have failed to reclaim the critical $2,000–$2,200 zone — a level that would signal strength and potentially mark the beginning of a broader recovery phase. Instead, ETH remains trapped in a downtrend, with momentum continuing to favor the bears. The inability to push higher is putting bulls in a vulnerable position. With Ethereum now hovering just below the $1,900 level, the coming days are crucial. If ETH fails to hold above this mark and cannot break back above $2,000 with conviction, a sharp drop is likely. Such a move could lead to a retest of the lower $1,700s or even deeper, especially if broader market sentiment remains negative. Related Reading: Dogecoin Holds Key Support: A Demand Spike Could Trigger A Rally As macroeconomic instability and market uncertainty persist, investors are growing cautious, and risk appetite continues to fade. For Ethereum to avoid a deeper selloff, bulls must step in quickly, reclaim lost ground, and reestablish confidence above the $2,000 level. Until then, the path of least resistance appears to remain to the downside. Featured image from Dall-E, chart from TradingView 

Ethereum price started a recovery wave above the $1,850 level. ETH is now consolidating and facing key hurdles near the $1,920 level. Ethereum started a recovery wave above $1,820 and $1,850 levels. The price is trading above $1,860 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $1,860 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,900 and $1,920 resistance levels to start a decent increase. Ethereum Price Starts Recovery Ethereum price managed to stay above the $1,750 support zone and started a recovery wave, like Bitcoin. ETH was able to climb above the $1,820 and $1,850 resistance levels. The bulls even pushed the price above the $1,880 resistance zone. There was a move above the 50% Fib retracement level of the downward wave from the $2,032 swing high to the $1,767 low. However, the bears are active near the $1,920 zone. Ethereum price is now trading above $1,850 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $1,860 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $1,900 level. The next key resistance is near the $1,920 level and the 61.8% Fib retracement level of the downward wave from the $2,032 swing high to the $1,767 low. The first major resistance is near the $1,970 level. A clear move above the $1,970 resistance might send the price toward the $2,020 resistance. An upside break above the $2,020 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,050 resistance zone or even $2,120 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,920 resistance, it could start another decline. Initial support on the downside is near the $1,860 level and the trend line. The first major support sits near the $1,845 zone. A clear move below the $1,845 support might push the price toward the $1,800 support. Any more losses might send the price toward the $1,765 support level in the near term. The next key support sits at $1,710. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,860 Major Resistance Level – $1,920

Ethereum’s value in relation to Bitcoin is at its all-time low since 2020, sparking rumors about its position in the world of cryptocurrency. The ETH/BTC ratio now stands at only 0.02, according to the latest figures from The Kobeissi Letter. The decline is against the backdrop of Bitcoin consolidating its strength while Ethereum is having a hard time keeping up as of early 2025. Related Reading: Could XRP Actually Reach $10,000? Expert Weighs In Market Statistics Reflect Widening Divide Between Cryptocurrencies The first quarter of 2025 has been hard on the owners of Ethereum. The cryptocurrency has declined by 46% since the beginning of the year, while Bitcoin fell by only 12%. This expanding discrepancy has attracted investors who anticipated a different outcome in the wake of recent market developments. BREAKING: The Ethereum to Bitcoin ratio has dropped to 0.02, its lowest since December 2020. Over the last 2.5 years, the ratio has declined a whopping 75%. This comes as Bitcoin prices have significantly outperformed Ethereum. During this time, Ethereum prices have risen 36%… pic.twitter.com/IUIunn9deX — The Kobeissi Letter (@KobeissiLetter) March 31, 2025 “Bitcoin’s narrative as digital gold has strengthened,” market observers quoted in reports said. That narrative has been attractive to big money holders, but Ethereum has not experienced the same kind of interest. Technical Issues Mar Ethereum Upgrade Ethereum’s Pectra upgrade has encountered a number of setbacks. Reports said several test runs failed before the recent rollout of the Hoodi testnet. These technical issues have contributed to market jitters. The transition to proof-of-stake, a significant shift in the way Ethereum operates, hasn’t provided the market uplift many had hoped for. High gas prices remain an issue for users, and other blockchain networks become more appealing. ETF Success For Bitcoin Hasn’t Helped Ethereum Bitcoin ETFs have attracted billions of dollars since being approved earlier this year. According to market observation, Ethereum has not been spared this trend, with institutions remaining hesitant on its long-term worth. Bitcoin’s fixed supply makes it a more secure option for large investors seeking protection against inflation, market analysts pointed out in recent comments. This has enabled Bitcoin to remain at the top despite adverse overall market conditions. Related Reading: Pepe Whale Triggers Panic, Dumps 150 Billion Tokens As Price Falls Mixed Projections For Ethereum’s Future Value A few market analysts think Ethereum can hit $20,000 if things improve and the Pectra upgrade is finally rolled out successfully. Others caution that investors may transfer funds to alternatives such as Solana or Avalanche if Ethereum continues to lose ground. Based on CoinMarketCap data as of publication time, Ethereum was at $1,84, having climbed 1.35% within the last 24 hours. This minor daily increase hasn’t altered the larger context of Ethereum’s woes. The coming weeks will be decisive, explained analysts tracking the cryptocurrency market. Their reports indicate Ethereum must demonstrate strength or face continued decline relative to the increasing dominance of Bitcoin. Featured image from Gemini Imagen, chart from TradingView

As Ethereum (ETH) continues to experience a significant price downturn, recording a 17% drop over the past month, key resistance levels have emerged as critical points for the second-largest cryptocurrency. Analysts suggest that these levels could ignite a potential trend reversal if reclaimed. Ethereum Faces Potential Decline To $1,155 In a recent update shared on social media platform X (formerly Twitter), crypto analyst Ali Martinez highlighted two pivotal price points for Ethereum’s immediate future.  The first, set at $2,100, is seen as a necessary threshold for initiating a new upward trend. However, the $2,300 mark is regarded as a “more decisive” level that Ethereum must breach to confirm a bullish reversal. Related Reading: Bitcoin Price Struggles: Crypto Analyst Bucks Back Against Bearish Sentiment, Top Is Not In Martinez’s analysis, based on the one-day chart seen below, indicates that if Ethereum fails to reclaim these levels, it may lead to a further decline.  The next target points to watch would be $1,600 and $1,155, levels that could indicate a new downtrend. Such a decline would represent additional losses of 12% and over 37%, respectively, marking a troubling continuation of Ethereum’s worst first quarter in its history. In another post, the analyst also pointed out that the Ethereum price is facing a significant resistance wall between $2,200 and $2,580. On-chain data from the analytics firm IntoTheBlock reveals that approximately 12.43 million investors have bought about 66.18 million ETH within this price range.  A breakout above these levels could potentially generate bullish momentum for the cryptocurrency. However, bullish catalysts that could trigger a move above these levels remain scarce among experts. ETH’s Largest Accumulation Zone Under Threat Market intelligence firm Glassnode has indicated that ETH’s Cost Basis Distribution shows limited support near current prices. Weekly data suggests that addresses with a cost basis around $1,800 have not re-engaged. Many investors are reportedly selling at a loss, further adding to the current price uncertainty. On March 28, several clusters of approximately 250,000 ETH with cost bases between $2,000 and $2,050 effectively vanished, indicating that some higher-cost holders are attempting to average down their positions.  However, Glassnode asserts that the overall Ethereum accumulation zone appears limited at current price levels, raising questions about future stabilization for the second largest cryptocurrency. Related Reading: Chainlink Weekly Indicator Flashes Buy Signal – Can Bulls Hold $13.20 Support? The largest accumulation zone below the current market price now sits at $1,537, where nearly 994,000 ETH was acquired. If the downtrend continues, this level is expected to serve as structural support in the near term, potentially providing a buffer against further declines. ETH is currently trading at $1,830, down 12% for the week. Featured image from DALL-E, chart from TradingView.com 

Ethereum price started another decline and traded below the $1,850 level. ETH is now consolidating and facing key hurdles near the $1,850 level. Ethereum struggled to continue higher above the $1,980 resistance level. The price is trading below $1,860 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $1,810 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,850 and $1,880 resistance levels to start a decent increase. Ethereum Price Attempts Recovery Ethereum price failed to continue higher above $2,050 and started another decline, like Bitcoin. ETH declined below the $1,880 and $1,850 support levels. It tested the $1,765 zone. A low was formed at $1,767 and the price recently started a short-term recovery wave. The price climbed above the $1,800 resistance. There was a move above the 23.6% Fib retracement level of the downward move from the $2,033 swing high to the $1,767 low. There was also a break above a connecting bearish trend line with resistance at $1,810 on the hourly chart of ETH/USD. Ethereum price is now trading below $1,860 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,850 level. The next key resistance is near the $1,860 level. The first major resistance is near the $1,900 level and the 50% Fib retracement level of the downward move from the $2,033 swing high to the $1,767 low. A clear move above the $1,900 resistance might send the price toward the $2,000 resistance. An upside break above the $2,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,050 resistance zone or even $2,120 in the near term. Another Decline In ETH? If Ethereum fails to clear the $1,850 resistance, it could start another decline. Initial support on the downside is near the $1,800 level. The first major support sits near the $1,780 zone. A clear move below the $1,780 support might push the price toward the $1,765 support. Any more losses might send the price toward the $1,710 support level in the near term. The next key support sits at $1,665. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,800 Major Resistance Level – $1,850

The Ethereum price has finally broken out of a months-long consolidation pattern, signaling the possible start of a significant bullish move. The recent breakout of an Ascending Triangle formation suggests that ETH is set for more gains, with a crypto analyst suggesting a price target of $7,800 in the coming months. Ethereum Price Targets $7,700 ATH The Ethereum price is believed to be targeting a new all-time high of $7,800 after its recent breakout from an Ascending Triangle. For months now, the cryptocurrency has been trading within this classic bullish chart pattern, where prices make higher lows while facing strong resistance at a fixed level. Related Reading: “Ethereum Is Not Dead”: Broadening Wedge Suggests Another Leg-Up Is Coming This consolidation pattern has been active since late 2024, establishing strong resistance at $4,000. TradingView analyst Sohaibfx has predicted that if Ethereum can surpass this resistance level, it would confirm a bullish trend, leading to a strong upward continuation in its price.  Looking at the analyst’s price chart, Ethereum spent several months navigating between $2,000 and $4,000 in Q1 2025. This region represented an accumulation phase where buyers had quietly built their positions in anticipation of a potential rally.  A descending channel marked in orange in the price chart also shows that Ethereum had experienced a significant pullback mid-to-late 2024 before breaking out. This was likely the final shakeout before it regained its bullish momentum.  According to Sohaibfx, a measured move of the Ascending Triangle suggests that Ethereum is poised for an explosive 333% surge to $7,800. This bullish target is calculated by determining the height of the triangle, which is the difference between its base at $2,000 and resistance level at $4,000.  When the price breaks above the resistance, the common method for estimating the possible next move is to add the triangle’s height to the breakout point, which gives a technical target of $6,000. However, based on past price behaviour and strong buying momentum, the Ethereum price could push even higher, with $7,800 being a key psychological level.  Support Levels And Momentum Indicators To Watch In his price analysis, Sohaibfx has pinpointed the $4,000 and $3,000 price levels as support levels for Ethereum. This support should act as a safety net, where buyers are likely to step in to prevent further decline after Ethereum reaches its projected $7,800 target.  Related Reading: Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash Coming? Moving forward, the analyst highlights key momentum indicators that should be monitored. While the analyst’s chart does not specify indicators like Moving Average Convergence Divergence (MACD) or Relative Strength Index (RSI), Ethereum’s sharp upward move suggests that strong momentum will be a major contributor to its rise to a new ATH. Sohaibfx has advised traders to watch out for RSI levels above 70, as overbought conditions could signal a potential pullback while Ethereum approaches higher levels. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum’s chances of reaching the $20,000 level are fueling debate among investors and analysts. The success of the Ethereum network is dependent on real-world usage and rising activity on its platforms, so it is an area of focus in the cryptocurrency space. Related Reading: Pi Coin Sinks 47% In 14 Days—What’s Behind The Massive Drop? Real-World Usage Is The Key Ryan Berckmans, an investor in Ethereum, thinks that the key to a $20,000 ETH price is practical use. He says that the high fees, while normally a disadvantage, are actually an indicator of faith in the altcoin. If users are paying more, it is because they trust in the value of the network. Berckmans makes the comparison with Bitcoin, which continues to hold value despite 99% of its usage being centralized. He reiterates that Ethereum needs to pay attention to developing its real-world growth if it is to replicate this success. For ETH, real world growth is the answer. How do we get ETH to $20k? Fee value accrual obviously isn’t necessary to drive the required public confidence for a high token price, otherwise BTC would be worthless because 99.999% of BTC activity is centralized and doesn’t accrue… — Ryan Berckmans (@ryanberckmans) March 29, 2025 Importance Of High Fees Restoring high total fees is critical for Ethereum’s price increase. Berckmans argues that even if a hypothetical scenario sees $1 trillion in stablecoins on Ethereum’s Layer 1, it wouldn’t be enough without high fees to back it up. He suggests that the Ethereum network must prioritize robust growth to ensure that investor confidence is restored. Without this growth, reaching the ambitious target of $20,000 seems unlikely. Scaling Through Layer 1 And Layer 2 Berckmans stresses the need for more Layer 1 applications and better integration with Layer 2 solutions. This expansion is vital for sustainable growth. Ethereum must increase the distribution of its Layer 1 assets to Layer 2s while also diversifying the solutions available on Layer 2. This kind of scaling is essential to accommodate growing network activity and user demand. Focusing On Utility-Driven Growth As Ethereum celebrates the 10-year anniversary of its mainnet, Berckmans insists that the network has come a long way but still has much further to go. Related Reading: Bitcoin And Ethereum Face $14 Billion Options Expiry—Market Impact Ahead? Ethereum is the most capitalized blockchain by application but will need to scale dramatically to maintain its position. By prioritizing the development of a culture centered around real-world uses and economic development, the crypto asset can build a bridge to its price target. The Ethereum network is at a crossroads. The altcoin needs to maximize real-world usage and have growth at the top of its agenda. In doing so, it may well hit that much-sought $20,000 target in the future — at least according to Berckmans. Featured image from Gemini Imagen, chart from TradingView

Ethereum price started another decline and traded below the $1,880 level. ETH is now consolidating and remains at risk of more losses. Ethereum struggled to continue higher above the $2,000 resistance level. The price is trading below $1,880 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $1,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,820 and $1,880 resistance levels to start a decent increase. Ethereum Price Dips Again Ethereum price failed to continue higher above $2,100 and started another decline, like Bitcoin. ETH declined below the $1,920 and $1,880 support levels. It tested the $1,765 zone. A low was formed at $1,767 and the price recently attempted a fresh upward move. There was a move above the $1,800 level but the price is still below the 23.6% Fib retracement level of the recent decline from the $2,033 swing high to the $1,767 low. Ethereum price is now trading below $1,880 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $1,820 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $1,820 level. The next key resistance is near the $1,880 level and the 50% Fib retracement level of the recent decline from the $2,033 swing high to the $1,767 low. The first major resistance is near the $1,920 level. A clear move above the $1,920 resistance might send the price toward the $2,000 resistance. An upside break above the $2,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,050 resistance zone or even $2,120 in the near term. More Losses In ETH? If Ethereum fails to clear the $1,880 resistance, it could start another decline. Initial support on the downside is near the $1,780 level. The first major support sits near the $1,765 zone. A clear move below the $1,765 support might push the price toward the $1,720 support. Any more losses might send the price toward the $1,680 support level in the near term. The next key support sits at $1,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,765 Major Resistance Level – $1,880

Ethereum is facing mounting pressure after weeks of relentless selling and underwhelming price action. Since January, bulls have failed to regain control, and ETH has continued to bleed value in a market increasingly dominated by fear and uncertainty. With no clear signs of a reversal, the coming weeks could bring more pain for investors holding long positions. Related Reading: Solana Bears Eye $113 Target If Ascending Structure Breaks Down – Details Global financial markets remain on edge as trade war fears and geopolitical tensions intensify. This hostile macro environment has driven investors away from high-risk assets like cryptocurrencies, and Ethereum has been one of the hardest hit. The weakness in price reflects not only technical breakdowns but also a broader lack of confidence in short-term recovery. Top analyst Big Cheds recently shared a technical analysis showing Ethereum is now trading at $1,840 — a staggering drop from its $3,400 level earlier this year. According to Cheds, this confirms the continuation of the current downtrend, with ETH now moving into lower demand zones that could offer limited support. Unless bulls step in with strength, Ethereum’s outlook remains bearish. The market is watching closely to see if $1,800 can hold — or if deeper losses lie ahead as momentum continues to favor the downside. Ethereum Under Pressure As Key Levels Collapse Ethereum is in a critical position as it continues to lose key support levels under mounting selling pressure. After briefly reclaiming the $2,000 mark in recent weeks, ETH has once again fallen below this crucial threshold — a failure that has intensified bearish sentiment and placed bulls in a defensive stance. With each failed recovery attempt, investor confidence weakens, and analysts are now calling for a deeper correction in the coming weeks. The situation is particularly delicate as Ethereum serves as the backbone for much of the crypto ecosystem. A sustained downtrend in ETH doesn’t just impact its own holders but also influences the broader altcoin market and DeFi sectors that rely on Ethereum’s price strength for momentum. The continued decline has heightened concerns that a prolonged bear phase may be unfolding. Big Cheds shared a bearish technical outlook, pointing to the severity of ETH’s drop from its $3,400 local high to the current $1,840 level. According to Cheds, if the downtrend continues, the next key accumulation zone to watch could be between $1,200 and $1,300 — a range that previously acted as a strong base during earlier cycles. If Ethereum falls to that zone, it would represent a correction of over 60% from its recent peak. Such a move would signal a major breakdown in structure and test long-term investor conviction. For now, bulls must fight to hold the $1,800 level and attempt to reclaim lost ground. Without a shift in momentum soon, the road ahead for ETH looks increasingly challenging — and the broader market may follow its lead downward. Related Reading: Bitcoin OTC Desks Are Draining – Supply Squeeze On The Horizon? Key Resistance Levels Remain Untouched Ethereum is currently trading at $1,840, continuing to show weakness after failing to reclaim the 4-hour 200 moving average (MA) and exponential moving average (EMA), both sitting near the $2,100 level. These indicators have acted as strong dynamic resistance since December 2024, and ETH has consistently traded below them — a clear sign that bears remain in control of the trend. This prolonged weakness below the 200 MA and EMA has reinforced the bearish momentum, with bulls unable to regain any meaningful ground in recent months. Until Ethereum can break back above these key technical levels, any attempt at a sustained recovery is likely to fall short. A reclaim of the 200 MA and EMA could trigger a significant upside move, as it would signal a shift in short-term market structure and potentially spark renewed buying interest. However, even before that happens, bulls must focus on reclaiming the psychological $2,000 level — a major price zone that has repeatedly defined the battle between buyers and sellers. Related Reading: XRP Must Break Above $3 To Invalidate Bearish Pattern And Flip Bullish – Analyst If ETH can break above both $2,000 and $2,100 with volume, it may mark the beginning of a stronger recovery phase. Until then, price action remains vulnerable and tilted toward the downside. Featured image from Dall-E, chart from TradingView 

Ethereum is once again under heavy selling pressure after losing the critical $2,000 level — a psychological and technical zone that bulls have struggled to defend in recent weeks. With price action turning increasingly bearish, investor sentiment is weakening, and analysts are warning that a deeper correction may be on the horizon. As Ethereum slides lower, concerns are growing across the broader crypto market, which often relies on ETH’s strength to lead recovery phases. Related Reading: Bitcoin OTC Desks Are Draining – Supply Squeeze On The Horizon? The current situation is both tense and delicate. Ethereum’s inability to hold key support levels has rattled short-term holders and is now testing the resolve of long-term investors. Many are now closely watching for any signs of stabilization or fresh accumulation. One promising on-chain signal comes from Glassnode’s MVRV (Market Value to Realized Value) metric. Historically, a crossover of the MVRV ratio above its 160-day moving average has marked the beginning of strong Ethereum accumulation zones — often preceding significant price rebounds. That signal is now approaching once again, and if confirmed, it could offer a glimmer of hope to bulls waiting for a shift in momentum. Until then, Ethereum remains in a fragile state. Ethereum Faces Critical Breakdown As Accumulation Signal Nears Ethereum is now in a critical position, with bulls continuing to lose control as key support levels break one by one. Selling pressure has intensified over the past few weeks, dragging ETH further into a prolonged downtrend that began in late December. Macroeconomic uncertainty, rising interest rates, and heightened global tensions continue to create a hostile environment for risk assets — and the crypto market has felt the impact most severely. Currently, Ethereum is trading 55% below its local high of $4,100, reached earlier this cycle. The sharp decline has shaken investor confidence, and the continued breakdown in price structure leaves little room for error. Without a swift recovery and strong defense of support zones, Ethereum risks further downside, with analysts warning of continued weakness if sentiment doesn’t shift soon. Amid the decline, some analysts are watching closely for signs of a potential bottom. Top analyst Ali Martinez shared a key insight on X, pointing to the MVRV (Market Value to Realized Value) ratio as a reliable indicator of accumulation zones. According to Martinez, when the MVRV ratio crosses above its 160-day moving average, it has historically marked strong accumulation phases — moments when long-term investors begin quietly positioning for the next leg higher. This crossover has not yet occurred, but it is approaching. If confirmed, it could signal that Ethereum is entering a high-value zone despite the current bearish conditions. While the market remains fragile, such on-chain metrics offer a glimmer of hope that accumulation is quietly underway — even as price action continues to look weak on the surface. Bulls will need to act quickly to reverse the trend, but for now, Ethereum’s outlook remains on edge. Related Reading: Solana Bears Eye $113 Target If Ascending Structure Breaks Down – Details Bulls Defend Crucial $1,800 Support Ethereum is trading at $1,830 after suffering a sharp 14% drop since last Monday, reflecting renewed selling pressure across the crypto market. The steep decline has pushed ETH toward a critical support level at $1,800 — a zone that now stands as a must-hold for bulls. This level has historically acted as a strong pivot point, and losing it could trigger a deeper correction. If ETH fails to hold above $1,800, the next significant support lies near the $1,500 zone, which would mark a dramatic shift in market structure and likely accelerate bearish sentiment. A breakdown to this level would erase much of the year’s gains and deal a serious blow to investor confidence. However, if bulls manage to defend $1,800 successfully, a rebound could follow, potentially pushing ETH back above the $2,000 mark. Reclaiming this psychological level would help restore momentum and open the door for a broader recovery. Related Reading: XRP Must Break Above $3 To Invalidate Bearish Pattern And Flip Bullish – Analyst The next few days will be crucial for Ethereum’s short-term outlook. With macroeconomic uncertainty still looming, bulls must step in with conviction — because if $1,800 breaks, the fall could be fast and steep. Featured image from Dall-E, chart from TradingView 

Ethereum’s attempt to regain bullish momentum has hit a roadblock, as the price failed to break through the crucial $2,160 resistance level. After showing signs of recovery, ETH faced strong selling pressure at this key level, preventing a sustained breakout and disappointing bullish traders who were hoping for further upside. Its inability to push past this resistance suggests that bears are still in control, keeping Ethereum’s price under pressure. With the momentum fading and the market sentiment turning cautious, traders are now closely watching key support zones to determine the next move. Bearish Pressure Mounts: What’s Next For Ethereum? Ethereum is facing increasing downside pressure as its latest recovery attempt was rejected at the $2,160 resistance level. The failed breakout has reinforced bearish sentiment, with key technical indicators signaling weakness. If buyers fail to step in, ETH could be at risk of deeper declines in the near term. Related Reading: Ethereum Price Eyes Major Resistance At $2,100 As Analyst Reveals Bullish Price Range One of the major warning signs is weak volume during the recovery attempt. A strong breakout typically requires significant buying interest, but Ethereum’s rally lacked momentum, making it easier for sellers to regain control. This lack of conviction from bulls suggests that the upside move was not sustainable, allowing bears to push prices lower. Additionally, the Relative Strength Index (RSI) has broken down, moving below key thresholds that indicate weakening bullish strength. The current declining RSI shows that buying pressure is fading, making it difficult for Ethereum to build upward momentum. If the RSI continues trending downward, it could further confirm a prolonged bearish phase. The  Moving Average Convergence Divergence (MACD) has also turned negative, with a breakdown below the signal line and a widening gap between the MACD and its moving average. This crossover indicates that bearish momentum is accelerating, reducing the chances of an immediate recovery. When combined with other bearish signals, the MACD breakdown further supports the case for a continued downside. Looking ahead, ETH may retest key support zones. However, a strong bounce from lower levels could offer bulls another chance to regain lost ground. For now, the charts suggest that Ethereum remains vulnerable to further declines. Support Levels To Watch: Can Bulls Prevent Further Decline? With attention now turning to key support levels, the first major support to watch is around $1,523, a level that previously acted as a short-term demand zone. If Ethereum holds above this area, it might provide bulls with a foundation for another rebound attempt. However, a break below this level could signal growing bearish dominance, increasing the risk of deeper losses. Related Reading: Ethereum Rally Incoming? Analyst Predicts Breakout Beyond $2,100 Below $1,523, the next key support lies at $902, aligning with previous price reactions and acting as a psychological level for traders. A failure to hold here may accelerate selling pressure, pushing ETH toward other support below. Featured image from iStock, chart from Tradingview.com

Today is a crucial day in the cryptocurrency market, as more than $14 billion worth of Bitcoin and Ethereum options are due to expire. Such a huge expiration may result in significant price changes and trading volumes. Currently, Bitcoin is trading at around $85,000, down by 3% from earlier this week. Related Reading: Pi Coin Sinks 47% In 14 Days—What’s Behind The Massive Drop? Market Reaction To Bitcoin, Ethereum Options Expiry Based on figures from Greeks.live, the aggregate options expiring today comprises 139,000 Bitcoin options worth about $12.1 billion. Another 301,000 Ethereum options worth about $2.13 billion are also expiring. The put-call ratios of these options stand at 0.49 for Bitcoin and 0.39 for Ethereum, reflecting differing degrees of trader sentiment. 28 Mar Options Data 139,000 BTC options are expiring with a Put Call Ratio of 0.49, a Maxpain point of $85,000 and a notional value of $12.1 billion. 301,000 ETH options are expiring with a Put Call Ratio of 0.39, a Maxpain point of $2,400 and a notional value of $2.13 billion.… pic.twitter.com/1zcEz3VBss — Greeks.live (@GreeksLive) March 28, 2025 Understanding Max Pain Points Each quarter, options expirations such as today’s can cause substantial market movements. Market makers typically follow a strategy that has the effect of driving asset prices to what are referred to as max pain points. The max pain point for Bitcoin is $85,000, and that for Ethereum is $2,400. This approach may be the reason behind Bitcoin’s drop as traders respond to these technical points. Broader Market Sentiment Although the options expiration is the most prominent on everyone’s mind, other things are also affecting market dynamics. Media reports indicate that uncertainty over new tariffs by US President Donald Trump might be behind the downtrend in Bitcoin and the broader crypto space. Because of that, the effect of today’s options expiration is made more complex by outside market pressures. Challenges Ahead For Investors In the future, Greeks.live cautions that selling pressure is becoming more prevalent in the cryptocurrency market. Several investors might struggle to maneuver the challenges anticipated in the second quarter of 2025. In the absence of new catalysts that would push the prices higher, the market might have a bumpy ride ahead for the buyers to make profits. Related Reading: Data Shock: Shiba Inu Has A Higher Share Of Long-Term Holders Than BTC And ETH As the countdown begins to the expiration, investors and traders are monitoring closely. Today’s events can determine the shape of the market for weeks. With huge amounts of money at risk, the crypto community is preparing for volatility. In short, the expiry of more than $14 billion worth of Bitcoin and Ethereum options is set to send waves in the market. Traders are closely watching price action as different factors align, pointing to the intricacies of dealing with the cryptocurrency world. Featured image from Gemini Imagen, chart from TradingView

Ethereum has once again fallen below the $2,000 mark, a psychological level it had briefly reclaimed earlier this week. The market-wide correction over the past 24 hours has weighed on Ethereum’s recovery momentum, and the leading altcoin has seen a dip in sentiment that could lead to a deeper decline or a sharp mid-term rebound.  Short-term sentiment is cautious, but a new analysis from a well-followed crypto analyst has brought attention to a significant technical event that opens up a bullish perspective for the Ethereum price. Ethereum Hits 300-Week Moving Average Again: What Happened The Last Time? Taking to social media platform X, crypto analyst CryptoBullet pointed out that Ethereum has now touched the 300-week moving average for only the second time in its history. The first instance was in June 2022, during the market-wide crash that saw the Ethereum price plummet to as low as $880 before beginning a long, slow recovery. Related Reading: Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash Coming? The second occurrence has come this month, March 2025, just as Ethereum continues to extend its struggles in gaining a footing above $2,000. With Ethereum touching the 300-week moving average again, we can only look back to see what happened last time to get a perspective of what to expect now. In June 2022, Ethereum’s touch of the 300-week moving average marked the beginning of a long-term recovery phase. After the bounce from that level, the Ethereum price surged more than 140% over the next eight weeks, eventually pushing above $2,100 in August 2022 before another correction. Mid-Term Rebound In Focus For ETH, But Resistance Ahead CryptoBullet noted the significance of this moving average, framing it as a key historical support zone. The analyst argued that regardless of bearish sentiment in the short term, this kind of macro-level support typically sets the stage for a meaningful bounce.  Related Reading: Ethereum In 2024 Vs. 2025: What Important Technical Indicators Are Saying “Even if you’re a bear, you can’t deny that we hit a very important support level,” he wrote, adding that his price target for the coming bounce is between $2,900 and $3,200. Nonetheless, the bounce will depend on how the Ethereum price reacts to the level, as a continued downside move would cancel out any bullish momentum. For now, Ethereum’s price is trapped under bearish sentiment, and bulls will need to reclaim the $2,000 zone before any sustainable bounce toward the $2,900 and $3,200 range can begin to materialize. Furthermore, the recent price correction in the past 24 hours increases the risks of the Ethereum price closing March below the 3M Bollinger bands, which is currently just around $2,000. A close below the 3M Bollinger bands could spell trouble for the leading altcoin. However, if CryptoBullet’s analysis proves to be accurate, Ethereum may soon enter a period of stronger price action that plays out over the coming weeks. At the time of writing, Ethereum is trading at $1,907, down by 5.82% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com

Ethereum has lost its grip on the key $2,000 level, reigniting fears of a deeper correction as selling pressure returns to the market. Since March 19, ETH has managed to hold above $1,930, but recent weakness has pushed the price dangerously close to breaking below the $1,900 mark. The drop has added fuel to bearish speculation, with traders and analysts now questioning whether a larger pullback is underway. Related Reading: Avalanche 12-Hour TD Sequential Flashes Sell Signal After Nailing 50% Rally – Details The inability to hold above psychological support levels has weighed heavily on sentiment, especially as broader market volatility continues to grow. Top analyst Carl Runefelt shared his outlook on Ethereum’s current structure, noting that the asset has repeatedly failed to overcome resistance at $2,100 — a level that now acts as a firm ceiling for bullish momentum. According to Runefelt, this repeated rejection suggests Ethereum could be in serious trouble if buyers don’t step in soon. With momentum fading and no clear catalyst in sight, Ethereum risks slipping further if $1,900 fails to hold. Traders are watching closely for signs of a reversal, but for now, the path of least resistance appears to be downward. ETH must regain lost levels quickly to avoid confirming a broader bearish trend. Bulls Face Key Test As Resistance Weighs on Price Action Ethereum is under pressure as the broader crypto market faces one of its most crucial tests in months. With macroeconomic uncertainty mounting and fears of a potential recession in the United States, risk assets across the board are struggling to gain traction — and Ethereum is no exception. The current market environment remains hostile, with inflation concerns, unstable monetary policy, and global trade tensions shaking investor confidence. ETH’s price action has been particularly underwhelming. Despite widespread expectations that Ethereum would lead a strong rally in early 2025, the asset has failed to meet bullish projections. Instead of gaining ground, ETH has stalled and is now struggling to hold support levels amid growing selling pressure. Runefelt’s bearish outlook suggests that Ethereum has repeatedly failed to break through the $2,100 resistance level. According to Runefelt, this resistance zone is critical — and Ethereum’s inability to overcome it could be a sign of deeper weakness ahead. He warns that if Bitcoin experiences a breakdown, Ethereum could follow and potentially retest the wick near $1,750, which marked a local low during a previous correction. With momentum fading and no clear bullish catalyst in sight, Ethereum’s price structure remains fragile. Unless bulls reclaim key levels soon, ETH could face a deeper retrace, especially if broader market sentiment continues to deteriorate. Traders are closely watching Bitcoin and macroeconomic developments for cues, knowing that a decisive move in either direction could shape Ethereum’s next major trend. For now, the pressure is on — and Ethereum’s resilience is about to be tested. Related Reading: XRP Open Interest Has Surged 36% In Two Weeks – Is Momentum Building? ETH Bulls Struggle to Hold Key Support Ethereum (ETH) is currently trading at $1,910 after failing to hold above the critical $2,000 level, a psychological and technical barrier that has now flipped into resistance. The breakdown has weakened short-term momentum and left bulls in a defensive position as selling pressure continues to mount. At this stage, the $1,880 level has emerged as a key support zone that bulls must defend to avoid a deeper correction. Holding this level could allow for a consolidation phase and give Ethereum a chance to stabilize before attempting another push higher. However, if ETH loses $1,880, it could spark a wave of aggressive selling, triggering a continuation of the current downtrend and potentially pushing the price toward the $1,750 range. Related Reading: Ethereum Reclaims Realized Price – Bulls Face Strong Resistance At $2,300 To regain control of the trend, bulls must reclaim the $2,000 mark as soon as possible. A decisive move back above this level would signal renewed strength and could open the door for a rebound toward higher resistance zones. Until then, Ethereum remains in a fragile position, with the risk of further downside growing as macroeconomic pressure and technical weakness continue to weigh on price action. Featured image from Dall-E, chart from TradingView 

Retail sentiment toward Ethereum (ETH) remains weak, but analysts suggest that a significant breakout could be on the horizon. Despite Ethereum’s sluggish price action, multiple on-chain indicators and technical patterns hint at an impending bullish reversal. Ethereum Retail Sentiment At Low Amid Sluggish Price Action According to cryptocurrency analyst Mister Crypto, retail interest in ETH is “extremely low,” as indicated by Google Trends data. Compared to its 2017 and 2021 peaks, Ethereum’s current sentiment ranks significantly lower, suggesting that many retail investors are sitting on the sidelines. Historically, low retail sentiment often signals a prime buying opportunity for institutional investors looking to accumulate assets before the next price surge. While weak sentiment reflects a lack of confidence among small investors, institutions tend to take advantage of such conditions, positioning themselves ahead of the next bullish cycle. Related Reading: Is Ethereum Breaking Free from the Bear Trap? Analysts Weigh In Despite the pessimism, crypto analyst Ted pointed out that the potential approval of an Ethereum exchange-traded fund (ETF) staking and the upcoming Pectra update could serve as key catalysts for a breakout. He suggests that these developments may help Ethereum regain momentum and push its price toward new highs. Fellow analyst Crypto Patel echoed this sentiment, noting that ETH is currently consolidating within an accumulation range. Based on historical price cycles and on-chain data, Patel expects Ethereum to break out after April, with a long-term target of $10,000. Additionally, analyst Titan of Crypto highlighted a bullish crossover on Ethereum’s weekly Stochastic RSI, a signal that has historically marked market bottoms. He suggests that ETH may be nearing the end of its bearish cycle, setting the stage for a strong rally. Further Pain For ETH? Sharing a contrasting viewpoint, noted crypto analyst Ali Martinez emphasized that there has been “no change in the outlook for Ethereum.” The analyst hinted that ETH is still likely to hit the lower-end of its current price range at $1,300. However, some on-chain indicators suggest Ethereum may already be undervalued. An analysis using the Market Value to Realized Value Z-score (MVRV-Z) indicates that ETH is trading at levels historically associated with price rebounds. This metric, which compares Ethereum’s market value to its realized value, suggests that ETH might be primed for accumulation. Related Reading: Ethereum Flashing Bullish Signals, But Rising Exchange Reserves Raise Concerns – Details For Ethereum to confirm a bullish reversal, it must break through strong resistance at $2,300. A successful breakout could push ETH toward $3,000 in the short term. Failure to surpass this level, however, might result in extended consolidation or another price decline. At press time, ETH trades at $2,007, down 0.5% in the last 24 hours. Featured image from Unsplash, charts from X and Tradingview.com

Ethereum price remained supported above the $1,980 level. ETH is now consolidating and remains at risk of a downside break. Ethereum struggled to continue higher above the $2,050 resistance level. The price is trading below $2,020 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,040 and $2,100 resistance levels to start a decent increase. Ethereum Price Dips Again Ethereum price failed to continue higher above $2,100 and corrected some gains, like Bitcoin. ETH declined below the $2,040 and $2,020 support levels. It tested the $1,980 zone. A low was formed at $1,982 and the price recently attempted a fresh upward move. There was a move above the $2,020 level. The price tested the 50% Fib retracement level of the recent decline from the $2,098 swing high to the $1,982 low. Ethereum price is now trading below $2,020 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,040 level. The next key resistance is near the $2,050 level and the 61.8% Fib retracement level of the recent decline from the $2,098 swing high to the $1,982 low. The first major resistance is near the $2,095 level. A clear move above the $2,095 resistance might send the price toward the $2,150 resistance. An upside break above the $2,150 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term. Downside Break In ETH? If Ethereum fails to clear the $2,040 resistance, it could start another decline. Initial support on the downside is near the $2,000 level. The first major support sits near the $1,980 zone. A clear move below the $1,980 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,820 support level in the near term. The next key support sits at $1,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,980 Major Resistance Level – $2,040

Crypto analyst Ben Gray has asserted that the Ethereum price is bullish and revealed the price range that the leading altcoin is targeting. However, ETH is set to face major resistance at $2,100, a level which it needs to break out from as it targets new highs.  Ethereum Price Faces Major Resistance At $2,100 In a TradingView post, Ben Gray revealed that the Ethereum price is facing a key resistance level at $2,160 even as it eyes a rally to new highs. Despite this development, the analyst asserted that ETH’s market is bullish. While noting that the leading altcoin is fluctuating between $2,044 and $2,080, he remarked that there are signs that Ethereum initially formed a bottom.  Related Reading: Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle Amid Record Selling Based on his analysis of the 4-hour candlestick chart, Gray stated that the Ethereum price is attempting to break through upwards, with the key resistance level at $2,160. He further showed his optimism for ETH in 2025 by stating that the expected range is between $2,904 and $4,887, although that puts the altcoin below its current all-time high (ATH).  Meanwhile, the crypto analyst mentioned that the Ethereum price has shown a strong and positive performance this week. Going forward, he stated that the key focus should be on whether ETH can break through the resistance level of $2,160, which would play a key role in determining the altcoin’s trajectory in the short and mid-term.  Crypto analyst Ali Martinez also recently highlighted the $2,300 level as another resistance level to watch out for the Ethereum price. He noted that with ETH reclaiming $2,040, the next key hurdle is this $2,300 level, where the pricing bands suggest strong resistance.  Why ETH Has Bottomed In an X post, crypto analyst Titan of Crypto stated that the Ethereum price is showing signs of bottoming. He revealed that the weekly Stochastic RSI bullish crossover is in oversold territory, a development that has often signaled market bottoms for ETH. His accompanying chart showed that the leading altcoin could rally to as high as $6,000 as it records a bullish reversal.  Related Reading: Ethereum, Dogecoin, And The Altcoin Market: Why Up-Only For 217 Days Is Possible Crypto analyst Crypto Caesar also stated that the Ethereum price is currently bottoming out and that ETH is “heavily undervalued.” He added that in every bull cycle, there is always a moment when most market participants think that the altcoin will never recover after a big bearish event. However, Ethereum always recovers and ends up making new highs. As such, the analyst believes this time won’t be different, and ETH is ready to stage a bullish reversal.  At the time of writing, the Ethereum price is trading at around $2,022, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

There’s an unexpected trend in the world of cryptocurrencies. According to the latest data from IntoTheBlock, the meme-based crypto Shiba Inu has shown a solid resilience in investor loyalty. Related Reading: Ethereum Rally Incoming? Analyst Predicts Breakout Beyond $2,100 Unforeseen Holder Statistics Disclosed Market research shows Shiba Inu has 76% of its holders keeping their tokens for over a year. So—almost three-quarters of SHIB token folks don’t sell quickly. Interesting, right? This is higher than Bitcoin and Ethereum, which have 73% and 74%, respectively, long-term holders. Long-term holders keep their tokens for over a year. When the percentage of these holders is higher, it shows investors believe in the asset and think it’s got potential. This chart shows the amount of long-term holders across various assets???? Which one stands out to you? pic.twitter.com/hRXeTxdVm5 — IntoTheBlock (@intotheblock) March 21, 2025 Breakdown Of Numbers Shiba Inu stands out. Some 76% of accounts have held tokens for more than 12 months. Then, 22% held between one and 12 months. Only 2% are new and have held tokens for less than a month. More people are holding onto their tokens even when there’s lots of optimism around. And, well, that means they think the asset’s worth it in the long run. Think of it like this: if most people hold on, it’s a good sign. They don’t sell quick—they wait… and that says a lot. So, more long-term holders, more confidence in the asset. Bitcoin’s story is a bit different. It has 74% long-term holders with 22% held for one to 12 months. Perhaps most importantly, Bitcoin displays a greater percentage of new investors, with 5% owning tokens for less than a month – over twice Shiba Inu’s number. Time Tells A Deeper Story What is more impressive with this data is the average holding period. Even though Shiba Inu was launched five years later than Bitcoin, it shows an impressive 2.6-year average token holding period. This is compared to Ethereum at 2.4 years and 4.4 years for Bitcoin. Related Reading: Shiba Inu ETF Proposal—Could This Be SHIB’s Breakout Moment? According to crypto experts, these numbers show more people have faith in Shiba Inu now. The memecoin is surprising everyone with how strong it is. Sure, Bitcoin is the oldest and best-known cryptocurrency, but Shiba Inu’s loyal investors suggest a bright future. Info from IntoTheBlock gives a peek at what investors are doing and how Shiba Inu stands out in a fast-moving market. As market analysts say putting money into cryptocurrencies is still very risky – if you’re thinking about it – you must do your homework thoroughly. Know the risks. Featured image from Gemini Imagen, chart from TradingView

Ethereum price remained supported above the $1,980 level. ETH is now rising and might aim for a move above the $2,050 resistance. Ethereum corrected lower and tested the $1,980 support level. The price is trading below $2,040 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,050 and $2,100 resistance levels to start a decent increase. Ethereum Price Faces Resistance Ethereum price failed to continue higher above $2,100 and corrected some gains, like Bitcoin. ETH declined below the $2,020 and $2,000 support levels. It tested the $1,980 zone. A low was formed at $1,982 and the price is again rising. There was a move above the $2,000 level. The price surpassed the 23.6% Fib retracement level of the recent decline from the $2,097 swing high to the $1,982 low. Ethereum price is now trading below $2,040 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $2,050 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,040 level and the 50% Fib retracement level of the recent decline from the $2,097 swing high to the $1,982 low. The next key resistance is near the $2,050 level. The first major resistance is near the $2,100 level. A clear move above the $2,100 resistance might send the price toward the $2,150 resistance. An upside break above the $2,150 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,050 resistance, it could start another decline. Initial support on the downside is near the $2,000 level. The first major support sits near the $1,980 zone. A clear move below the $1,980 support might push the price toward the $1,920 support and the trend line. Any more losses might send the price toward the $1,880 support level in the near term. The next key support sits at $1,810. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,000 Major Resistance Level – $2,050

Ethereum, the second-biggest cryptocurrency, is getting a lot of attention right now. Some experts who watch the market closely think its price could go above $2,100 soon. They’ve been looking at how Ethereum’s price has been moving and see patterns that suggest it might be heading up. Related Reading: Shiba Inu ETF Proposal—Could This Be SHIB’s Breakout Moment? Short-Term Signs Point Upward One analyst, Crypto Patel, shared his thoughts on the social media platform X. He pointed out a setup on the Ethereum chart that looks promising for a price increase. Patel said Ethereum made a strong move upwards, which changed the way the market is structured. This happened after the price reacted to a level he had already identified as a good place for buyers to step in. #Ethereum Prints Bullish Displacement – Swing High Liquidity in Sight$ETH Price respecting bullish POI with clear displacement on tap. Currently testing mitigation block post-retest. Anticipating bounce to sweep swing high liquidity at $2128.12. ➡️ Entry: $2064.60 ➡️TP:… pic.twitter.com/5Q2q5xrNpM — Crypto Patel (@CryptoPatel) March 25, 2025 Right now, Ethereum’s price is bouncing off a key area around $2,064. This area is called a mitigation block, and it often shows strong buying interest from big investors. The idea is that these investors use this zone to adjust their previous orders before continuing to push the price in a certain direction. Patel suggests that buying in this upper part of the mitigation zone lines up with how these big players often operate. The target price Patel mentioned is $2,128. This level is what’s known as a swing high liquidity zone. These zones often have a lot of stop-loss orders and pending buy orders clustered together. If the price moves into this area, it could trigger those orders and cause a sharp move, allowing investors to profit before the price possibly changes direction. Patel set a stop-loss for this trade at $2,027, just below the mitigation block. This helps limit potential losses if his prediction is wrong. Long-Term Pattern Looks Familiar Another analyst, TimeFreedomROB, also posted on X. He compared Ethereum’s current weekly price pattern to what happened between 2018 and 2020. His chart shows Ethereum breaking below an ascending triangle pattern, which is similar to how it broke below a descending triangle before its big recovery in 2020. Back then, Ethereum’s price hit a low point and then soared from under $100 to almost $4,800. #ETH 1W Price is showing the Same type of Break below support as last Cycle ???? Will Price Recover Rapidly Like Last Time? ???? pic.twitter.com/uoIDTd5w8L — TimeFreedom ®️0️⃣????️ ⚡ (@TimeFreedomROB) March 25, 2025 Currently, Ethereum is trading near $2,060. It recently dropped below the $2,300 mark and tested a lower trendline around $1800. This area also lines up with price levels where there was a lot of demand in previous years. Related Reading: Tron And Bitcoin: Will A Block Reward Cut Boost TRX Price? The analyst’s chart suggests this could be the final dip before a significant price increase, similar to what happened in past cycles. The area between $1,800 and $2,000 has acted as a strong support level in the past. For Ethereum’s price to confirm a return to an upward trend on the weekly chart, it needs to climb back above the $2,200 to $2,400 range. As of now, Ethereum is trading at $2,064. Over the last week, it has gained 6%. Its total market value is $250 billion, and the amount of Ethereum traded in the last 24 hours is $11.71 billion. These analysts are presenting scenarios based on how Ethereum’s price has behaved in the past, but it’s important to remember that the cryptocurrency market can be unpredictable. Featured image from Gemini Imagen, chart from TradingView

Ethereum (ETH) is once again trading above the $2,000 mark after several days of struggle, offering a glimmer of hope for investors looking for a recovery. The second-largest cryptocurrency has faced intense selling pressure in recent weeks, losing over 38% of its value since late February. Panic spread through the market when ETH broke below the key $2,000 level and later plunged under $1,800 — a move that signaled weakness and raised fears of a deeper correction. Related Reading: Dogecoin Breaks Above Bullish Daily Pattern – Analyst Sees A Surge To $0.43 Despite the volatility, market sentiment is beginning to shift. Some investors now believe that the worst may be behind Ethereum, and a slow but steady recovery could be on the horizon. Supporting this narrative, on-chain data from Glassnode reveals that Ethereum has reclaimed its realized price at $2,040 — a level that reflects the average price at which all ETH in circulation last moved. This recovery of the realized price is often seen as a subtle but important bullish signal. It suggests that, on average, holders are back in profit, which may help reduce selling pressure and rebuild confidence in the market. For now, Ethereum’s ability to stay above $2,000 will be key to confirming a broader trend reversal. Ethereum Faces Pivotal Moment As Bulls Aim To Confirm Recovery Ethereum is beginning to show signs of life after weeks of uncertainty, but a decisive move is still needed to shift market sentiment. The $2,000 level, recently reclaimed, now acts as the key battleground for bulls attempting to ignite a meaningful recovery. As speculation builds around whether Ethereum will continue to trend higher or fall back into a broader correction, price action remains indecisive. Without strong conviction from buyers, the current bounce may fade quickly. To sustain any upward momentum, bulls must defend the $2,000 level with strength and consistency. A failure to hold this support could invite renewed selling pressure and invalidate early signs of recovery. For now, the price hovers in a critical range with no confirmed trend in either direction. Top analyst Ali Martinez shared an important on-chain signal on X, noting that Ethereum has successfully reclaimed its realized price at $2,040. This level reflects the average price at which ETH last moved on-chain and often serves as a pivot point for market sentiment. Martinez also pointed to $2,300 as the next significant resistance, with pricing bands suggesting heavy selling pressure at that level. Reclaiming $2,300 would mark a major technical breakthrough and potentially confirm a shift in trend. Until then, Ethereum remains in a fragile position, caught between renewed optimism and lingering caution. Bulls must step in with volume and follow-through to turn this early bounce into a full-fledged recovery rally. Related Reading: Ethereum Accumulation Is Almost Over – Breakout Above $2,200 Could Trigger Expansion Phase Technical Details: Price Struggles Below Key Averages Ethereum (ETH) is currently trading at $2,070, hovering just above the crucial $2,000 support level. Despite recent attempts to regain strength, ETH remains 5% below the 4-hour 200 moving average (MA) and 200 exponential moving average (EMA) — a sign that momentum is still tilted in favor of the bears. These technical indicators often act as dynamic resistance, and until bulls reclaim them, the path to recovery remains uncertain. For Ethereum to initiate a meaningful uptrend, reclaiming the $2,200 level is essential. A breakout above this zone would not only restore short-term bullish sentiment but also confirm a potential reversal from the recent downtrend. However, if ETH continues to struggle below the moving averages and fails to gain traction above $2,000, the risk of further downside increases significantly. Related Reading: Dogecoin Bollinger Bands Tighten On 12H Chart Hinting At Imminent Price Move – Insights A breakdown below $2,000 could trigger a sharper correction, with the next major support sitting around the $1,800 level — a zone that previously acted as a pivot during the February selloff. As market sentiment hangs in the balance, bulls must act quickly to defend key support and regain control of price action. Otherwise, Ethereum could face another leg down in the coming sessions. Featured image from Dall-E, chart from TradingView 

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced one of its most challenging starts to the year, recording its second-worst performance in the first quarter of its history.  As of now, ETH is trading just above the crucial support level of $2,000, reflecting a year-to-date decline of 43%. This stark contrast is particularly notable when compared to Bitcoin (BTC) and XRP, which have seen gains of 23% and an astonishing 279%, respectively, during the same period. Could A 60% Surge In Q2 Bring It Back To $3,200? Market expert Lark Davis has drawn attention to the dramatic downturn in Ethereum’s price in a recent social media update, highlighting a 38% drop in Q1 of this year for the altcoin.  This figure is alarmingly close to its worst quarterly performance of 46% recorded during the first quarter of 2018, as noted in the comparison chart shared by Davis.  Related Reading: XRP Breakout On Hold? Financial Expert Reveals What’s Missing Following that troubling quarter in 2018, Ethereum saw a brief recovery of 15% in Q2, only to face more than 40% declines in the subsequent quarters, respectively, raising concerns for current investors that this pattern might occur once again in this cycle. Despite these discouraging figures, Davis posed an interesting question regarding the potential for an “explosive” second quarter for Ethereum. Historically, since 2016, ETH has averaged a remarkable 66% surge during this period.  If this trend continues and the Ethereum price were to achieve a 60% increase in the coming months, its price could climb to $3,200 per token—levels not seen since early February of this year. Crypto Expert Predicts 1,100% Surge For The Ethereum Price  While short-term challenges remain, many analysts retain a long-term bullish outlook for Ethereum. Crypto analyst Merlijn drew parallels between the current market conditions and Bitcoin’s past performance, suggesting that Ethereum is poised for a similar trajectory.  The analyst noted, “Accumulation, breakout, and V-shape recovery loading,” implying that a new bull run could be on the horizon for ETH, with forecasts suggesting it could reach up to $24,000 during this cycle—a major 1,100% increase. Related Reading: Crypto Expert Arthur Hayes Reveals Why Bitcoin Price Will Touch $110,000 Before $76,500 However, the path to recovery is not without its hurdles. Expert Ali Martinez recently highlighted key resistance levels that Ethereum must overcome for a sustainable rebound in the short-term.  Martinez noted that ETH’s price has reclaimed its realized price of $2,040, but the next significant challenge lies at the $2,300 mark, where strong resistance has been observed for the leading altcoin. Despite a recent recovery that saw a 10% spike in the past two weeks, Ethereum still faces notable monthly losses, down nearly 25% following a broader market correction.  Featured image from DALL-E, chart from TradingView.com

Ethereum (ETH) is showing signs of a bullish breakout, forming a complex Inverse Head and Shoulder (iH&S) pattern on the weekly timeframe. This key technical formation suggests that the Ethereum price is on track for a massive rally toward a bullish target of $18,000.  Ethereum Forms Inverse Head & Shoulder Pattern The Ethereum price has been in a long consolidation period, experiencing a crash amid the ongoing market turmoil. Despite recording massive declines that have pushed its value significantly below all-time highs, crypto analyst Gert van Lagen on X (formerly Twitter) predicts that ETH could still reach a price target of $18,000. Related Reading: “Ethereum Is Not Dead”: Broadening Wedge Suggests Another Leg-Up Is Coming Notably, Ethereum recently bounced off the $1,800 – $2,000 support range, which previously served as resistance during the ‘Head’ phase of the iH&S pattern. With this crucial retest confirmed, ETH may be entering the final stage of its reversal, set up to new all-time highs.  Lagen’s $18,000 bullish target is more than 8X Ethereum’s current price, underscoring the sheer magnitude of this projection. Lagen has identified the formation of the iH&S structure on the Ethereum chart, supporting his ambitious prediction with this renowned bullish chart pattern.  The Inverse Head and Shoulder is a classic bullish reversal structure, often signaling the end of a downtrend and the beginning of a strong and new uptrend. Considering the Ethereum’s price has been in a downturn, the formation of the iH&S chart pattern suggests that this prolonged decline may be finally coming to an end. In the analyst’s chart, this left shoulder of the iH&S structure began forming from 2021 to 2022, experiencing a price peak before a pullback. From 2022 to 2023, a deeper decline occurred, marking the cycle low and the formation of the ‘Head.’ Finally, the right shoulder of the technical pattern was formed between 2024 to 2024, recording a higher low that aligned with the left shoulder. Lagen’s price chart highlights that the most critical level to watch is the neckline of the iH&S structure, which is approximately $3,978 and acts as the primary resistance area. How An $18,000 ETH Target Is Possible Still looking at Lagen’s Ethereum price chart, the analyst suggests that if ETH can surpass the $3,978 resistance level with strong volume, it could validate the Inverse Head and Shoulder pattern and open the door for a rally toward $18,000. Conversely, if Ethereum fails to break above this resistance level, a prolonged consolidation or significant pullback may occur before its next breakout attempt.  Related Reading: Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867 Lagen predicts that a rejection at the resistance area could see the Ethereum price drop to $1,888 — an important support level which could prevent further declines. A drop to this support would represent a potential 52% dip from the main resistance level and an 8.52% decline from ETH’s current market value of $2,055. Featured image from Unsplash, chart from Tradingview.com