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Ethereum price started a steady recovery wave above $2,050. ETH is now struggling to clear $2,150 and might trim some gains in the near term. Ethereum started a decent upward move above the $2,020 zone. The price is trading above $2,050 and the 100-hourly Simple Moving Average. There was a break below a short-term contracting triangle with support at $2,135 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,150 resistance. Ethereum Price Faces Rejection Ethereum price extended its recovery wave above $2,020, beating Bitcoin. ETH price was able to surpass the $2,050 and $2,065 resistance levels. The bulls pushed the price above the 61.8% Fib retracement level of the downward move from the $2,198 swing high to the $1,936 low. However, the bears remained active near the $2,150 resistance zone. The price reacted to the downside below $2,120. There was a break below a short-term contracting triangle with support at $2,135 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,050 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,050, the price could attempt another increase. Immediate resistance is seen near the $2,120 level. The first key resistance is near the $2,150 level or the 83.2% Fib retracement level of the downward move from the $2,198 swing high to the $1,936 low. The next major resistance is near the $2,200 level. A clear move above the $2,200 resistance might send the price toward the $2,250 resistance. An upside break above the $2,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,320 resistance zone or even $2,350 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,150 resistance, it could start a fresh decline. Initial support on the downside is near the $2,080 level. The first major support sits near the $2,050 zone. A clear move below the $2,050 support might push the price toward the $2,000 support. Any more losses might send the price toward the $1,965 region. The main support could be $1,920. 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 – $2,050 Major Resistance Level – $2,150

Ethereum is currently trading above $2,100 at the start of the new month, but one analyst believes the asset’s next major directional move is based on a single price level: one that, if broken, would invalidate years of macro analysis and cause a price collapse to as low as $900. The Count That Has Held For A Year According to an analyst known as The Penguin, Ethereum’s current price behavior fits into a broader Elliott Wave structure that has been developing for years. The analysis defines Ethereum’s entire price history since 2016 as a developing macro sequence: a completed Cycle Wave 1 that topped out, followed by an extended Wave 2 correction playing out as a flat. According to the analyst, this structure is time-consuming, choppy, and designed to frustrate. Related Reading: Analyst Shares A Good Way To Know When Ethereum Has Hit A Bottom Since Ethereum’s 2021 peak, the Ethereum price has largely moved sideways and downward while repeatedly teasing recoveries that faded. The most notable example of this recovery was in August 2025, when Ethereum moved to new all-time highs. However, this has eventually ended up with a reversal that saw Ethereum fall back below $2,000 again. The chart labels the flat trading sequence in detail, mapping out W, X, A, and B legs that form the larger Wave 2 structure. The current price action is positioned within the final leg of the B structure, and the next outlook is an upward move to C from here. The $1,382 Line That Changes Everything As shown in the chart above, the Ethereum price has spent the period since its 2021 peak trading beneath a well-defined horizontal resistance zone between $4,500 and $4,900, with multiple rallies failing to break through this ceiling. The lows, on the other hand, have been less uniform, with lows forming in a more irregular pattern instead of a clean horizontal base.  Related Reading: Brace For Impact: Ethereum Price Is Now Forming A Counter-Trend Correction However, one level stands out in this structure, which is the $1,382 low recorded in April 2025. Based on the context of this analysis, this point is labelled as Wave X and serves as the lower timeframe invalidation level. This is the important price level that will determine whether the price structure continues to fall below the four-digit mark.  As long as Ethereum remains above it, the Wave 2 scenario will be valid, and the Ethereum price can still transition into a new impulsive cycle to the upside. The price target in this case is a push to as high as $8,400. A breakdown below $1,382, however, would invalidate the entire wave count. ETH would need to shed about a third of its value to reach that level, but given Q1 2026’s 29% decline and February 6 low at $1,743, it is not out of reach under persistent selling pressure. If that invalidation level fails, the analyst’s projection points to a downside break below $900, with Fibonacci extensions on the chart pointing to lows between $800 and $500. Featured image from iStock, chart from Tradingview.com

Ethereum is holding around $2,000. The level looks like support. The data beneath it suggests the market is not yet being compensated for the risk of being here. A CryptoQuant report tracking risk-adjusted performance on Binance has identified a reading that holders should not dismiss: Ethereum’s Sharpe-like ratio currently stands at approximately -0.0012, while the 30-day average return has turned negative at -0.00039. Both figures are small. Neither is insignificant. Together they describe a market in which the risk of holding ETH is currently exceeding the return it is generating — the precise condition that precedes either a capitulation or a reset. The message the data is sending is specific. At $2,000, Ethereum is not in freefall. It is in a phase where price stability is masking a deterioration in the quality of the risk-reward equation beneath the surface. The asset is not rewarding its holders. It is testing their patience. Related Reading: Binance Inflows Suggest Money Is Starting to Move Back Into Crypto – Find Out What Changed That distinction matters more than the price level itself. A market that stabilizes while its risk-adjusted returns remain negative is not recovering. It is consolidating the conditions for its next move — and the data does not yet indicate which direction that move will be. Stability at $2,000 Is Not the Same as Strength at $2,000 The report draws a distinction that the price chart alone cannot make. Ethereum holding around $2,000 looks like resilience from the outside. The risk-adjusted data describes something more complicated: a market in which price has stabilized but returns have not recovered, leaving holders exposed to risk that their positions are not compensating them for. The Sharpe-like ratio is the instrument that makes that gap visible. Above zero, it signals that returns are outpacing risk — the condition that defines a healthy, rewarding market environment. Below zero, as it is now at -0.0012, it signals the opposite: risk is running ahead of return, and the market is effectively charging its participants for the privilege of staying in it. Combined with a 30-day average return of -0.00039, the picture is consistent. Ethereum is not punishing holders with sharp losses. It is quietly eroding the case for being here. Related Reading: XRP Holders Are Pulling Coins Off Exchanges – History Points To A Strong Move The report identifies what this phase typically represents. Reduced speculative activity, weaker liquidity flows, and sideways price action within a stable range are the hallmarks of a transitional period — the market moving laterally before committing to a direction. That direction is what the data cannot yet provide. What it can confirm is that the transition is not over, and that a $2,000 holding is a necessary condition for recovery, not evidence that recovery has begun. Ethereum Struggles Below Key Averages as Range Tightens Ethereum is trading near the $2,000 level, stabilizing after a sharp breakdown that defined February’s price action. The chart shows a clear loss of structure from the $3,000 region, followed by a violent selloff and a transition into a tight consolidation range between roughly $1,850 and $2,200. From a trend perspective, ETH remains weak. Price is still trading below the 50-day and 100-day moving averages, both trending downward, signaling persistent bearish momentum. The 200-day moving average, positioned near the $3,000 region, continues to act as a distant macro resistance, reinforcing the broader downtrend. Related Reading: An XRP Key Indicator Just Flipped Bullish — and Most Traders Are Not Watching It Recent attempts to reclaim higher levels have failed. The bounce toward the $2,300 area was rejected, confirming that sellers are still active on rallies. At the same time, the repeated defense of the $1,850–$1,900 zone suggests that buyers are absorbing supply at lower levels, preventing further breakdown. Volume provides additional context. The largest spike occurred during the selloff, indicating capitulation or forced liquidations. Since then, activity has normalized, pointing to a market in rebalancing mode rather than expansion. Structurally, Ethereum is compressing. A break above $2,200 is needed to shift momentum, while losing $1,850 would likely trigger another leg down. Featured image from ChatGPT, chart from TradingView.com 

Ethereum price started a steady recovery wave above $2,000. ETH is now consolidating above $2,050 and might aim for more gains. Ethereum started a decent upward move from the $1,935 zone. The price is trading above $2,020 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,060 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,150 resistance. Ethereum Price Attempts Recovery Ethereum price failed to stay above $2,050 and extended losses, like Bitcoin. ETH price dipped below $2,020 and $2,000 to enter a bearish zone. Finally, the bulls appeared near $1,935. A low was formed at $1,936, and the price is now recovering losses. There was a move above the $2,050 resistance. The price cleared the 50% Fib retracement level of the downward move from the $2,198 swing high to the $1,936 low. Besides, there was a break above a key bearish trend line with resistance at $2,060 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,020 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,020, the price could attempt another increase. Immediate resistance is seen near the $2,120 level. The first key resistance is near the $2,150 level or the 76.4% Fib retracement level of the downward move from the $2,198 swing high to the $1,936 low. The next major resistance is near the $2,200 level. A clear move above the $2,200 resistance might send the price toward the $2,250 resistance. An upside break above the $2,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,320 resistance zone or even $2,350 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,120 resistance, it could start a fresh decline. Initial support on the downside is near the $2,050 level. The first major support sits near the $2,020 zone. A clear move below the $2,020 support might push the price toward the $1,980 support. Any more losses might send the price toward the $1,950 region. The main support could be $1,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,050 Major Resistance Level – $2,150

Ethereum is navigating a challenging market phase, with price facing persistent selling pressure despite a tightening supply landscape. On the charts, ETH has shown signs of weakness, with repeated rejections at key resistance levels and declining momentum suggesting that sellers remain in control in the short term. A significant portion of the ETH supply remains locked across staking contracts, effectively reducing the amount of liquid ETH available on the market. Locked Supply Continues To Tighten Circulating Ethereum Ethereum is experiencing selling pressure on the charts, but supply is being locked away through staking. An analyst known as Sjuul AltCryptoGems on X has pointed out that nearly 3 million ETH is reportedly waiting to be staked, with the entry queue stretching to around 50 days. Related Reading: Ethereum Supply Tightens As Staking And Outflows Hit Record Highs At the same time, the exit queue is almost empty, indicating that very few participants are withdrawing their holdings, which is a clear imbalance. If confidence were weak, exit activity would rise, and staking demand would slow down, but the opposite is playing out. Investors are continuing to lock up their ETH for months with a yield of around 2.7%. The total staked has now surpassed 38 million ETH, accounting for over 31% of the total supply,  and the figure continues to grow despite the price trend lower. This divergence highlights a key dynamic. While the ETH price is showing weakness, the network participation is signaling strength. There are long waiting times to enter staking and almost no waiting time to exit. This kind of disconnection doesn’t last long. Right now, supply is being locked from circulation while demand is building. How Ethereum Long And Short Positions Shrink Across The Board The recent price weakness in Ethereum may be largely driven by a shift in positioning among hedge funds. According to crypto investor CW, data shows that hedge funds significantly reduced their long ETH positions about two weeks ago, particularly on Coinbase Derivatives, suggesting that many have either liquidated their holdings or exited trades to cut losses. Related Reading: Ethereum Staking Ratio Hits Record 31.4% As Exchange Supply Crashes To 2016 Lows This wave of long-position unwinding has added notable selling pressure, with the US hedge funds emerging as the primary force currently weighing on the market. There is a shift in sentiment that contrasts with that of other participants, as the dealers and asset managers are largely neutral or still maintain a slight advantage in long positions. CW argues that a meaningful full-scale rally will begin when hedge funds turn bullish. Activity in both long and short positions on Ethereum decreased compared to the previous day. CW has also noted that the high-leverage long positions are estimated at around $1.1 billion, while short positions significantly outweigh them at approximately $4.22 billion. However, if the ETH price rises by $100, several short positions would be liquidated. Featured image from iStock, chart from Tradingview.com

With the Ethereum price struggling around the $2,000 support, the question of when the digital asset will hit a bottom has continued to linger among investors. Naturally, a bottom is largely based on the Bitcoin price, setting the tone for the entire market. However, a crypto analyst has also suggested things to look out for that could help to confirm that the Ethereum price has actually hit a bottom and will begin to move upward once again. Watch Out For The Ethereum Close Above $2,100 For now, the Ethereum price is still trending below $2,100, and crypto analyst Rawl has called this out as the next important level to break. Given the fact that the Ethereum price had fallen below $2,400 initially, but then didn’t make a complete weekly close, it suggests that this could be a takeout. Related Reading: The Crowd Is Bearish On Bitcoin, But History Says That’s Bullish Going by this, the Ethereum price now needs to actually make a close above $2,100 on the weekly chart to confirm if this is the bottom or not. Since the cryptocurrency completed the last week without making this close, then it moves into this week for another chance to make the close. As the crypto analyst explains, a close above $2,100 would confirm the local bottom, setting the stage for the next price increase. The first move is expected to propel the altcoin as high as $2,400 in the primary move. However, the move is not expected to end there. For a secondary move, Rawl points to a climb to $2,800-$3,000, and hitting the top of this prediction would mean that the Ethereum price would rise 50% from the current level at the time of this report. “So the plan remains the same, we will likely stay choppy here before properly breaking above 2,100 and heading toward 2,800–3,000,” the analyst stated. Bears Could Still Take Over Just like with any scenario, there is still the possibility that the Ethereum price does not make this weekly close and ends up falling below it. In this case, it would put the bears back in control, likely triggering a sustained decline that would keep the cryptocurrency’s price below the $2,000 level. Related Reading: Bitcoin Last Line Of Defense Revealed: Can BTC Price Still Go To $40,000? Even in the case where the Ethereum price does close above $2,100 and completes the projected rally, the crypto analyst says this is only preceding a larger decline. In a previous post, the analyst had pointed out this possible large correction, but then posits that the Ethereum price could continue to rally and likely hit $6,500-$8,000 for a new peak. Featured image from Dall.E, chart from TradingView.com

Ethereum is trading just above the important $2,000 psychological level, but the apparent stabilization may be deceptive. According to a technical analysis published on TradingView by crypto analyst RLinda, what looks like a recovery attempt is, in fact, a counter-trend correction, a bear market bounce that could be setting bulls up for a painful flush lower. Crypto Winter Tightens Its Grip RLinda’s analysis opens with a direct assessment of how the crypto winter is still in play and support might break down around $2,000.  Technical analysis of the 2-hour timeframe chart shows that Ethereum has already printed a series of lower highs and lower lows following its rejection around $2,380 in mid-March. The most recent lower low saw the Ethereum price drop to the $1,960-$1,990 zone over the weekend, which confirms that sellers are still battling for control, forcing the market into what RLinda describes as a counter-trend correction. Related Reading: Ethereum Accumulation Map Reveals Price Roadmap To $20,000 This type of correction often creates the illusion of recovery. Price begins to grind upward or move sideways, but within the context of a broader bearish structure. The charts reflect this clearly, with Ethereum now attempting a modest rebound after establishing a local bottom just below $2,000 over the weekend. Making matters worse is the macro backdrop relating to Bitcoin. Bitcoin, which had been staging what appeared to be a recovery attempt to $72,000 last week, has failed to hold those gains and reversed to as low as $65,810 over the weekend. Bears have reasserted control and Bitcoin’s weakness is cascading directly into altcoins. This, in turn, might cause the Ethereum price to bear the brunt of that spillover pressure in the coming days. Price Battlegrounds To Watch Out For The immediate focus on the 2-hour chart is a tight resistance cluster formed between $2,024 and $2,062. This zone coincides with multiple technical factors visible on the chart, including prior support turned resistance, Fibonacci retracement levels around 0.5 and 0.618, and a descending trendline pressing down on lower highs in March. Related Reading: Here’s The Latest On The US-Iran War And How It Could Affect Bitcoin, Ethereum Prices According to RLinda, Ethereum may test the 2025 to 2038 liquidity zones. A short squeeze would provide a good signal for a potential decline. Price resistance levels to watch in this case are at $2,025, $2,037, and $2,062. The point of interest (POI) at $2,062.50, which is also shown on the chart above, is the most important one. A retest of this resistance zone, followed by a false breakout and consolidation in the short zone, will confirm bear dominance. Should that confirmation materialize, it could create a counter-trend correction that leads to a new round of selling pressure that pushes the Ethereum price to a support point of interest around $1,900. At the time of writing, Ethereum is trading at $2,050. Featured image from Pixabay, chart from Tradingview.com

About 20,470 ETH, or roughly $42 million, flowed from Ethereum Foundation-linked wallets into the Beacon Chain in a series of coordinated deposits Monday, marking one of the largest visible batches in its ongoing staking rollout.

After a show of resilience over the past few weeks, the Ethereum price finally gave way, falling below the $2,000 level for the first time since March 10th. The “King of Altcoins” succumbed to the downward pressure that spread across the global financial markets on Friday, March 27th, as the geopolitical tensions in the Middle East rage on. With rising oil prices due to the supply shock driven by the partial closure of the Strait of Hormuz, inflation expectations across various world economies are rising rapidly. Specifically, the fear of inflation seems to have triggered the ongoing chatter about a potential hike in interest rates by the United States Federal Reserve, leading to a drop in crypto prices. $111 Million Flushed Out Of The Market In ETH Long Liquidations On Friday, the Ethereum price fell to a two-week low just below the critical $2,000 level, as the entire cryptocurrency market continues to struggle against the latest wave of bearish pressure. As the price of ETH slumped to this low, Bitcoin, the world’s largest cryptocurrency by market capitalization, also dropped to around $65,500 on the day. Related Reading: $2.3 Billion Ethereum Has Left OKX And Binance This Quarter: The Sell-Side Supply Is Thinning According to recent market data, this Ethereum price decline below $2,000 was accompanied by significant long liquidations of more than $110 million. With the altcoin losing such a critical support level, it is not totally outrageous to expect further decline over the next few days, especially considering the sluggish market climate. However, investors might want to look out for the Ethereum price close at the end of the week before making any conclusion. If there is a convincing close below the psychological $2,000 support, then the cryptocurrency stands at the risk of further decline, potentially to as low as the $1,750-$1,850 support region. As of this writing, the price of ETH stands at around $1980, reflecting a nearly 3% decline in the last 24 hours. According to data from CoinGecko, the Ethereum price is down by more than 7% in the past seven days. Spot Ethereum ETFs Suffer $158 Million In Net Outflows Merely looking at Ethereum’s apparent demand trend over the past few days, the latest price fall seemed inevitable. According to recent market data, the US-based Ethereum spot exchange-traded funds (ETFs) recorded total net outflows of around $158 million over the past week. The Ethereum ETFs have been on a seven-day streak of negative outflows, seeing more than $400 million flow in that period. This run of negative performances is a hallmark sign of waning demand in the market, with the downward pressure on price its consequence. Hence, sustained capital inflows into products like the spot exchange-traded funds could signal a return of demand into the market and perhaps bullish momentum for the Ethereum price. Related Reading: Not Binance: Bitcoin Analyst Who Bought At $1 Revealed What Really Caused The October 10 Crash Featured image from iStock, chart from TradingView

BlackRock’s staked Ethereum fund pulled in $155 million on its first day of trading — more than the firm’s own Bitcoin ETF managed at launch. That number tells one part of Ethereum’s story in early 2026. Related Reading: UK Slaps Sanctions On $20B Crypto Black Market Tied To Southeast Asia Scam Rings The other part is harder to spin: the token itself has dropped more than 55% from its August 2025 high of roughly $4,953, and it is still falling. A Network Busier Than Ever Daily active addresses on Ethereum climbed toward 2 million in February 2026, surpassing peaks recorded during the 2021 bull market, according to analytics firm CryptoQuant. Smart contract interactions now exceed 40 million per day, and 37 million ETH — close to 30% of total supply — sits locked in staking contracts. Those are not small numbers. They suggest a network that more people are actively using than at any point in its history. But price is not following. Ether has dropped roughly 30% over the past six months even as network activity hit record highs. Ethereum Mainnet active addresses are holding at ALL-TIME HIGH levels! ???? 3.64M weekly active addresses. ???? 1 year ago: +97% growth to get here ???? 4 weeks: +13% ???? Polygon PoS right behind at 2.84M ???? Base: 1.99M, Arbitrum: 785k Data via @growthepie_eth pic.twitter.com/7qcVV8vo2u — Leon Waidmann (@LeonWaidmann) March 26, 2026 Analysts say capital flows and rising exchange deposits now explain ether’s price better than on-chain usage, a break from the tight relationship seen in prior bull markets. In 2018 and 2021, surging activity came with surging prices. That pattern no longer holds. Ethereum hosts approximately $162 billion in stablecoin supply — about 52% of the global market — yet that activity has not translated into proportional value for ether itself. The blockchain is busy. Its native token is not benefiting the way it once did. Where The Money Is Going Part of the explanation lies in how Ethereum has changed. During the 2021 cycle, peak monthly fee revenue exceeded $500 million when virtually all activity occurred on Layer 1. Today, economic value increasingly flows to Layer 2 operators and sequencers rather than to ETH holders directly. Ethereum scaled. The asset did not capture the upside. Related Reading: Shiba Inu Under Pressure As Nearly 40B Netflow Surge Hits Exchanges Data from DefiLlama shows Ethereum generated roughly $10 million in transaction fees over the past 30 days, placing it third behind Tron at nearly $25 million and Solana at about $20 million. The base layer is losing fee share to rival networks even as total usage climbs. Supply data does offer a different signal. Exchange reserves have dropped to 16 million ETH — the lowest level ever recorded — down 30% from 23 million ETH in 2023. Roughly 7 million ETH, worth around $13.7 billion, has been withdrawn from exchanges, with holders moving coins to cold storage and staking rather than positioning to sell. Less supply available on exchanges can reduce selling pressure over time, though it does not guarantee a price recovery. Featured image from Unsplash, chart from TradingView

The crypto market is consolidating. Bitcoin and Ethereum have traded within the same range for more than 50 days. And in the third week of March, the derivatives market made its first significant statement about what comes next. Related Reading: Unknown Wallet Buys $107 Million In Ethereum – Purchase Pattern Points To Bitmine A CryptoQuant analysis tracking perpetual futures activity has identified a meaningful acceleration in open interest: on March 16, combined Bitcoin and Ethereum OI climbed to approximately $30 billion — the highest reading since late January, and a level that was not reached gradually but in a single week of concentrated positioning. Bitcoin OI reached $23 billion. Ethereum approached $16 billion. Both moved in the same direction, at the same time, during the same price rally. That synchronicity matters. When open interest builds across two major assets simultaneously during a relief rally, it does not reflect organic spot demand — it reflects traders opening leveraged positions in anticipation of a directional move. The capital is not buying Bitcoin and Ethereum. It is betting on them. Fifty days of consolidation have a way of building pressure. The $30 billion in open interest now sitting in perpetual futures is the market’s way of declaring that the range will not last forever — and that when it breaks, the move will be amplified. When Crypto Leverage Moves, It Goes to Binance First. The CryptoQuant report is precise about where the $30 billion in open interest is actually sitting. Binance absorbed the largest share of the inflow by a significant margin: BTC open interest on the exchange rose by $829 million, while ETH open interest climbed by approximately $1.6 billion — a combined $2.4 billion in new leveraged exposure flowing into a single venue during a single week. Bybit and Gate.io recorded meaningful gains as well, but the heatmap data leaves no ambiguity about the hierarchy. That concentration is not coincidental. It is structural. During periods of strong price momentum, capital does not distribute evenly across the derivatives landscape — it gravitates toward the deepest, most liquid venues where large positions can be opened and closed without slippage. Binance is that venue. It has been for every significant derivatives expansion in recent memory, and the March rally was no exception. What the concentration reveals is as important as the size. When $2.4 billion in new open interest flows into a single exchange in one week, the resulting positions are tightly clustered. Clustered positions create clustered liquidation levels. And clustered liquidation levels mean that when the market moves against those positions, it does not move gradually. The leverage is on Binance. The range is still intact. Those two facts belong in the same sentence. Related Reading: $2.3 Billion Ethereum Has Left OKX And Binance This Quarter: The Sell-Side Supply Is Thinning The Entire Market Has Given Back a Year of Gains The total crypto market cap stands at $2.31 trillion, down 0.21% on the week — a marginal move on a candle that opened at $2.32 trillion, reached $2.44 trillion, and has since retreated. That weekly high rejection at $2.44 trillion is the operative fact. The market attempted to reclaim lost ground and was turned back. The macro context is what makes the current level sobering. Total market cap peaked near $4.1 trillion in late 2025 — the highest level in crypto’s history — and has retraced approximately 44% from that peak, erasing the entirety of the 2025 bull run and returning to levels last traded in early 2024. This is not a correction within a bull market. It is a full cycle rollover. Related Reading: The Bitcoin Coinbase Discount Is Back: History Says That Is Worth Watching The weekly moving average configuration confirms the structural damage. Price has broken decisively below the 50-week MA, which has now turned lower from the $3.5 trillion region. The 100-week MA, the green line ascending through approximately $2.9 trillion, provided no meaningful support — price sliced through it and has not reclaimed it since. The 200-week MA continues its long-term ascent near $2.1 trillion and represents the last major structural support visible on this timeframe. The current level of $2.31 trillion is trading in the gap between the 200-week MA below and the 100-week MA above. That gap is the battleground. Reclaiming $2.9 trillion is the minimum requirement for any credible structural recovery argument. Until then, the chart describes a market in retreat, not consolidation. Featured image from ChatGPT, chart from TradingView.com 

Ethereum price failed to clear the $2,200 zone and declined. ETH is now consolidating above $2,020 and might struggle to start a recovery wave. Ethereum started a fresh decline from the $2,200 zone. The price is trading below $2,120 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,135 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,120 resistance. Ethereum Price Dips Further Ethereum price failed to stay above $2,150 and started a fresh decline, like Bitcoin. ETH price dipped below $2,120 and $2,080 to enter a bearish zone. The bears even pushed the price toward $2,020. A low was formed at $2,032, and the price is now consolidating losses near the 23.6% Fib retracement level of the downward move from the $2,199 swing high to the $2,032 low. There is also a key bearish trend line forming with resistance at $2,135 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,120 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,020, the price could attempt another increase. Immediate resistance is seen near the $2,100 level. The first key resistance is near the $2,120 level or the 50% Fib retracement level of the downward move from the $2,199 swing high to the $2,032 low. The next major resistance is near the $2,135 level and the trend line. A clear move above the $2,135 resistance might send the price toward the $2,200 resistance. An upside break above the $2,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,245 resistance zone or even $2,320 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,135 resistance, it could start a fresh decline. Initial support on the downside is near the $2,050 level. The first major support sits near the $2,020 zone. A clear move below the $2,020 support might push the price toward the $1,980 support. Any more losses might send the price toward the $1,950 region. The main support could be $1,880. 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 – $2,020 Major Resistance Level – $2,135

Binance’s Ethereum reserves are sitting at their lowest point since 2020 — and that’s just one piece of a much bigger picture. Across the board, Ethereum held on exchanges has fallen to its lowest level since 2016, a shift driven by back-to-back withdrawals and a staking surge that is pulling coins deeper out of circulation. Related Reading: Bitrue Says XRP Should Already Be At $10, Traders Are Betting It Gets There A Wave Of Withdrawals Across Major Platforms On March 22, crypto analyst Amr Taha flagged a $1.67 billion ETH withdrawal from OKX. Binance also recorded two separate outflows topping $300 million earlier in the quarter. Those moves didn’t happen in isolation. Data from analyst Arab Chain show that roughly 31.6 million ETH left major exchanges in February alone — the biggest monthly outflow since November. Binance accounted for about 14.45 million ETH of that total, close to half. OKX followed with around 3.80 million ETH, and Kraken recorded roughly 1 million ETH during the same stretch. When coins leave exchanges at that pace, it matters. Sustained withdrawals shrink the pool of coins available for spot trading. Assets moved to private wallets or staking platforms tend to be less liquid in the near term, and thinner exchange balances can sharpen price swings when market activity picks up. Ethereum: Staking Reaches A Record High The withdrawal story runs alongside a staking story, and together they paint a picture of tightening supply. About 38 million ETH is now locked in staking, equal to roughly 33% of total supply — the highest level on record. Staking infrastructure provider Everstake weighed in on what that means for the market. The company said that a steady drop in liquid supply, combined with ongoing demand, sets up conditions for a structurally firmer price floor. That’s not a short-term trade signal. It’s a longer-term structural shift — one where a growing share of ETH is committed to the network rather than sitting ready to be sold. Analysts are watching what happens next on the price chart. Technical analyst Trader Tardigrade has identified a potential cup-and-handle pattern forming on Ethereum’s daily chart. $ETH / daily Did #Ethereum just quietly break out of the handle? Low-key breakout or fakeout? ???? pic.twitter.com/FtZdl5hfdY — Trader Tardigrade (@TATrader_Alan) March 25, 2026 A confirmed breakout would require ETH to clear the 50-day exponential moving average and key Fibonacci levels. Failing to do so could keep the token grinding sideways in its current range. Related Reading: Bernstein Sets $150,000 Bitcoin Target As ETF Inflows Surpass $1.6B In March Price Holds Near $2,181 As Momentum Builds As of March 25, ETH was trading near $2,181 with rising derivatives activity and improving momentum readings. Whether that’s enough to trigger a move higher depends on demand catching up to the shrinking supply picture. Analysts say Ethereum remains in an accumulation phase and has not yet entered an established uptrend. Featured image from Pexels, chart from TradingView

Ethereum is consolidating after weeks of selling pressure. The price chart reflects uncertainty. An on-chain transaction recorded this week reflects something else entirely. Data from Arkham Intelligence has identified a single purchase that stands out against the current market backdrop: an unmarked wallet acquired $106.98 million worth of ETH in one transaction. No announcement. No public attribution. One address, one move, nine figures. In isolation, a large wallet transaction proves nothing. In context, it demands attention. When an unmarked address commits $107 million to ETH during a period of sustained price weakness and negative market sentiment, it is not the behavior of a participant who believes the current trend continues indefinitely. Wallets of that size do not accumulate into weakness by accident. They do it by design. Related Reading: The Bitcoin Coinbase Discount Is Back: History Says That Is Worth Watching What Arkham’s data cannot confirm is the identity behind the address. What it can confirm is the scale, the timing, and the direction — a buyer of institutional size, moving against the prevailing sentiment, at a price level the broader market has spent weeks treating as a ceiling rather than a floor. That divergence between what the price is doing and what the large capital is doing is precisely the kind of signal that precedes a structural shift. It does not guarantee one. But it changes the conversation. The Pattern Has a Name. The Question Is Whether the Name Has a Face Arkham’s analysis goes one step further than identifying the transaction. It identifies a behavioral signature: the purchase pattern of the unmarked address matches the prior acquisition patterns of Bitmine — the Bitcoin and digital asset treasury company led by Tom Lee, one of the most publicly recognized and institutionally influential voices in crypto markets. That match is not a confirmation. It is a flag — and in on-chain forensics, a pattern match of this specificity against a known institutional actor is the closest thing to attribution that the data can responsibly support. Bitmine’s relevance to the market extends well beyond its balance sheet. Tom Lee has spent years as one of the few mainstream financial voices with institutional-level conviction on digital assets and defends them publicly. When capital connected to his firm moves, the market notices. Not merely because of the dollar size, but because of what it signals about conviction at the institutional level. A $107 million ETH accumulation, if attributed to Bitmine, would represent a direct vote of confidence in Ethereum at current prices from a buyer with both the resources and the public credibility to move sentiment. The question Arkham puts on the table — did Tom Lee just buy $100 million in ETH — cannot yet be answered with certainty. But it is the right question, and the on-chain evidence is the reason it is being asked. Related Reading: Ethereum Staking Ratio Hits Record 31.4% As Exchange Supply Crashes To 2016 Lows Ethereum Weekly Chart Places This Moment in Its Proper Context Ethereum is trading at $2,075 on the weekly timeframe, up 1.03% on the candle that opened at $2,053 and tapped $2,199 before retreating. That weekly high rejection at $2,199 — precisely where the market attempted and failed to hold — is the detail the daily chart cannot show. The weekly candle is not recovering. It is struggling. The macro picture clarifies what struggling means at this scale. ETH peaked near $5,000 in early 2022, bottomed below $1,000 in mid-2022, recovered through the entire 2023–2024 cycle, and reached $4,800 again in late 2024. The current price at $2,075 represents a 57% drawdown from that most recent cycle high. A decline that has now erased the entirety of the 2024 bull run and returned ETH to levels last seen in late 2023. Related Reading: Bitcoin Structure Has Changed: UTXO Data Challenges Traditional Cycle Narratives The moving average configuration on the weekly chart is the most damning technical signal visible. Price has broken decisively below the 50-week MA and is now testing the 100-week MA — the green line, currently descending through the $2,200–$2,300 region — from below, having failed to reclaim it this week. The 200-week MA, the long-term red line, continues its slow ascent from the $2,600 region and represents a level ETH has not traded above since early 2026. All three weekly MAs are converging downward. Price is beneath all of them. Until the 50-week MA is reclaimed on a weekly close, this chart has no technical case for recovery. Featured image from ChatGPT, chart from TradingView.com 

Ethereum is holding above $2,000. The price chart looks uncertain. The exchange data tells a different story entirely. A CryptoQuant report has identified a withdrawal pattern that cuts against the bearish surface narrative: on March 22, a single OKX outflow of $1.67 billion in ETH left the exchange in one movement — the largest single withdrawal event recorded in the period under review. Binance followed with its own signals, registering two separate outflows each exceeding $300 million, on February 5 and February 7. Three large withdrawals. Two major exchanges. One direction. Related Reading: The Bitcoin Coinbase Discount Is Back: History Says That Is Worth Watching When ETH moves off exchanges at this scale, it does not disappear — it migrates into cold storage, staking contracts, and long-term custody. It stops being available for immediate sale. The pool of coins that can be sold at a moment’s notice shrinks, and the market’s sensitivity to any new wave of buying demand increases proportionally. What the withdrawal data describes is a supply side that is quietly tightening while the price holds a key psychological level. Ethereum above $2,000 with contracting exchange supply is not the same market as Ethereum above $2,000 with abundant sell-side liquidity. The number is the same. The structure beneath it is not. One Exchange Would Be a Data Point. Two Is a Pattern. The report is precise about why the scope of the withdrawal signal matters. A single large outflow from a single exchange can reflect any number of explanations — an institutional custody transfer, a wallet reorganization, a single large holder moving funds for reasons entirely unrelated to market outlook. What it cannot easily explain is the same behavior appearing across multiple major exchanges within the same quarter. OKX posted the largest single withdrawal in the period. Binance registered two separate outflows above $300 million within 48 hours of each other in early February. When that kind of coordinated supply reduction appears across venues simultaneously, the isolated wallet movement explanation loses credibility. What remains is the more consequential interpretation: a broad contraction in the ETH available for immediate spot selling across the market’s deepest liquidity pools. The report is careful about what this means and what it does not. Lower exchange-held supply is not a rally trigger. It is a structural condition — one that reduces the overhead of available sell-side pressure and makes the market more reactive to any uptick in demand. The floor does not rise automatically. It becomes easier to defend. If the pattern holds, Ethereum is not just above $2,000. It is above $2,000 with a progressively thinner book of coins willing to be sold at this price. Related Reading: Ethereum Staking Ratio Hits Record 31.4% As Exchange Supply Crashes To 2016 Lows The Ethereum Trend Has Not Changed Ethereum is trading at $2,079, down 4.13% on the day. The session opened at $2,169, reached a high of $2,172, and has spent the remainder of the day selling off — a candle that opened near its high and is closing near its low. That is not consolidation. That is distribution. The daily chart context is unambiguous. ETH peaked near $4,100 in September 2025 and has been in a structured downtrend for six consecutive months. The February capitulation — a near-vertical drop from $3,000 to $1,770, accompanied by the heaviest sell volume on the entire chart — was the most violent single move of the decline. Price recovered from that wick, but the recovery has been labored, range-bound, and unconvincing. Related Reading: Bitcoin Structure Has Changed: UTXO Data Challenges Traditional Cycle Narratives All three moving averages confirm the bearish structure. The 50-day MA has crossed below the 100-day MA — a death cross on the intermediate timeframe — and both are accelerating lower. The 200-day MA, descending from the $3,200 region, remains the dominant overhead resistance. Price has not traded above it since November. Every rally attempt has stalled well beneath it. Today’s 4.13% decline while trading below all three downward-sloping MAs is not noise. It is the trend reasserting itself. The $2,000 level is the immediate line. Below it, the February lows at $1,770 come back into view. Featured image from ChatGPT, chart from TradingView.com 

The Ethereum Foundation brought together some of the world’s most influential financial players in New York City for an exclusive, invitation-only institutional forum on how traditional finance is engaging with ETH. This gathering signals a growing focus on bridging the gap between decentralized technologies and traditional finance, as major players increasingly explore blockchain integration. Institutional Participation Signals Growing Confidence In Ethereum The Ethereum Foundation hosted a high-level invite-only institutional forum in New York City, drawing participation from hundreds of banks, asset managers, and infrastructure providers representing a combined $250 trillion in assets under management (AUM). An investor known as Milk Road on X revealed that major players, including BlackRock, Western Union, Robinhood, Moody’s, Baillie Gifford, and Securitize, took part in panels as builders, actively working on solutions within the ETH ecosystem. Related Reading: Ethereum Foundation Launches Bold New Push To Accelerate DeFi Growth Before now, institutional adoption used to be a bumper sticker, a story investors told themselves to feel better about the asset they already held. This move is different because the firms managing a combined $250 trillion in assets sat in rooms and talked about what they’re actually building on ETH. In addition, the ETH Foundation used the event to unveil its post-quantum security strategy and launch a dedicated resource hub. Addressing such forward-looking challenges in a room filled with major financial institutions sends a signal. Milk Road noted that the ETH Foundation is positioning its infrastructure to evolve over decades, not just short-term market cycles. For those who have questioned whether major institutions would move beyond experimentation, the developments in New York offered a compelling counterpoint. Bitmine Launches Staking Model, ETH Network Activity Surges Tom Lee, alongside Bitmine Immersion Technologies (BMNR), has officially launched MAVAN, the made-in-America Validator Network. According to Tom Lee Tracker, MAVAN is set to become the largest Ethereum staking platform globally, with approximately 3,142,643 ETH already staked, valued at around $6.8 billion based on an estimated price of $2,148 per ETH. Related Reading: Ethereum Sees Increased Whale Activity Following Optimistic Remarks From Tom Lee The scale of growth is accelerating, with over 101,776 ETH, worth around $219 million, staked in the past week alone. At full deployment, the network is projected to generate nearly $300 million in annualized staking rewards. Beyond ETH, MAVAN is also expected to expand into additional proof-of-stake chains and broader blockchain infrastructure. Activity on the Ethereum network is surging, with daily transactions rising at an explosive pace. Crypto investor known as CW on X has stated that despite the price weakness, the network activity still remains at an all-time high level. Such a growth is not a signal of a bear market, as the price has dropped, but some investors are working very hard under the surface. Featured image from iStock, chart from Tradingview.com

The new Binance guidelines for market makers requires them to disclose information such as their identity and contract terms. Binance Tightens The Grip On Market Makers On Wednesday, the largest centralized crypto exchange in the world released a new set of guidelines aimed to token issuers and liquidity providers, tightening their grip on the mandatory disclosure of market maker identity and legal entity and contract terms. Additionally, Binance is posing an explicit ban on profit‑sharing and guaranteed‑return arrangements. In their blog post, Binance clarifies that a market maker is a professional trader or firm that provides liquidity by always placing buy and sell orders on a CEX or DEX. They earn money from the small difference between their buy price and sell price (the spread). In return, the liquidity they provide help other traders get in or out of positions quickly without moving the price too much. Related Reading: Hyperliquid Takes Over Wall Street: Can PURR Options Trigger a Fresh Rally? Top 3 Red Flags That Market Makers Should Look For Binance highlights ix “red flag” behaviors, including aggressive sell‑offs against vesting schedules, one‑sided order books and coordinated cross‑platform dumping 1. Selling against the vesting schedule Market makers are expected to stick to the token’s agreed vesting and unlock plan. If they start offloading large amounts too early, too often, or in a way that clearly clashes with that schedule, it’s a sign incentives are off or internal risk controls are weak. 2. One‑sided “liquidity” Effective market making is supposed to provide balanced liquidity on both sides of the book. When you see sustained sell orders with little or no matching buy interest from the same party, it can add downward pressure on price and disrupt orderly trading conditions. 3. Coordinated dumping across venues When big token transfers hit several exchanges at once and are quickly followed by heavy selling that goes beyond routine liquidity rebalancing, it’s often a clue that tokens are being systematically offloaded, not just responsibly warehoused for market making. More Illicit Activity Binance warns that market makers should also watch out for volume that doesn’t match price, volatility spikes from thin liquidity and large‑scale token offloading. The new expectations for token projects are clear: strict adherence to token release plans, no large offloads via market makers, full disclosure of MM identities and mandates to the exchange, clear written trading parameters, and continuous monitoring post‑listing. Banned activity includes revenue‑sharing/profit‑sharing models, guaranteed‑return deals between projects and market makers and vague token‑lending agreements that don’t clearly limit how borrowed tokens can be used. The goal of the new rules is to ensure their market-making arrangements are aligned with “long-term market integrity”, as responsible market makers ultimately boost liquidity and “reduce slippage”. Binance warns it will take swift action against violations of the guidelines, including blacklisting market makers that manipulate markets or violate token release schedules. Related Reading: Crypto Analysts Warn: Traders Misreading The Clarity Act Could Miss The Real Opportunity Market Implications Of The Binance Guidelines Binance is effectively admitting that “liquidity support” has doubled as unofficial selling channels and volume‑washing tools, and is trying to pre‑empt both another crash narrative and tougher external regulation. The potential winners of the new rules are retail traders who get cleaner order books and fewer surprise dumps on newly listed tokens, plus more transparent token‑launch structures. The likely losers, however, are smaller token issuers and aggressive market makers who relied on off‑the‑record guarantees or profit splits to juice volume and unlock liquidity. The practical takeaways for traders are the obvious: watch order‑book depth and slippage instead of headline volume, be cautious around early‑stage altcoin listings while market makers and issuers adjust, and expect some pairs to see thinner liquidity as aggressive players step back. If Binance really enforces blacklisting and reporting channels, the cost of “liquidity games” rises, which could reduce short‑term pumps but improve long‑term price discovery on the exchange. BTC’s price drops slightly after reaching $71k yesterday, trading for around $69k today. Source: BTCUSD on Tradingview Cover image from Perplexity, BTCUSD chart from Tradingview

Crypto analyst Crypto Patel has revealed an Ethereum accumulation roadmap indicating the altcoin could rally as high as $20,000. This comes as ETH continues to struggle around the $2,000 level amid the U.S.-Iran war, which has dragged on for almost a month now.  Analyst Reveals Ethereum Accumulation Roadmap With $20,000 Price Target In an X post, Crypto Patel revealed Ethereum’s accumulation roadmap, in which he described the $1,800 to $1,400 range as the best accumulation zone. He highlighted $4,700 as the major resistance and breakout level. Meanwhile, the targets for ETH are $10,000, $15,000, and $20,000.   Related Reading: Will Ethereum Price Crash Below $2,000 Again Amid Whale Sell-Offs His accompanying chart showed that Ethereum could reach these price targets by 2030, a period that could mark the peak of the next bull market. Crypto Patel noted that these were big targets that only happen after a strong structure and time. As such, the analyst called for patience among market participants.  In the meantime, Ethereum continues to struggle alongside the broader crypto market, with the U.S.-Iran war putting pressure on risk assets. Crypto analyst Maartunn noted that ETH is facing its first key resistance at the realized price of $2,306. He noted that price was rejected at this level just days ago, confirming it as a critical short-term barrier.  This suggests that Ethereum may again be at risk of dropping below the psychological $2,000 level, especially with tensions between the U.S. and Iran still high. Iran has rejected the U.S. proposal for a ceasefire and has outlined five conditions that the U.S. must meet before it can end the war.  The Current Setup For ETH In another X post, Crypto Patel noted that Ethereum suffered a clear fakeout between $2,230 and $2,400, indicating a liquidity grab and rejection of short-term supply. The analyst further remarked that multiple Break of Structure (BOS) confirmations show that the bears are still in control since the $4,957 top.  Related Reading: Ethereum Whales Are Making Money Again, But Will They Hold Or Sell? The crypto analyst also broke down the current technical structure, noting that multiple BOS to the downside indicate the bearish trend is still intact. However, there is a fair value gap between $2,474 and $2,634, indicating a key imbalance that remains to be filled. There is also the possibility that ETH could still drop to the $1,840 support zone, which Crypto Patel said is a potential demand reaction area.  A daily close below this support zone could invalidate the case for a bullish reversal and open further downside toward the $1,300 accumulation zone. Crypto Patel said that patience is key and that there is no confirmation for longs until Ethereum reclaims $2,500 with strength. Until then, ETH remains range-bound within a bearish bias, with the potential for another liquidity sweep.  At the time of writing, the Ethereum price is trading at around $2,140, down in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

The market’s second-largest cryptocurrency, Ethereum (ETH), surged nearly 3% on Wednesday, extending a short-term recovery that has brought the altcoin to the key $2,160 level.  Market analyst Ali Martinez flagged the move as part of a potentially significant shift in Ethereum’s technical outlook, writing on social media platform X (previously Twitter) that price action is showing “signs of a major trend shift from bearish to bullish.” On‑Chain Signals Strengthen Breakout Case Martinez pointed to the altcoin’s weekly chart, where Ethereum appears to be tracing an ascending triangle formation. He noted that ETH’s bounce to $1,800 on February 26 lined up with the triangle’s hypotenuse—an alignment that, in past instances, has preceded bullish continuations.  Similar patterns seen in previous market cycles offer investors reason for optimism. As the price tightens toward the triangle’s apex, historical patterns suggest that a breakout to the upside is more likely. Related Reading: BlackRock Crypto Outlook: CEO Predicts $500M A Year In Revenue Within Next Five Years The analyst also highlighted on-chain context to bolster the bullish case. Martinez observed that the market value to realized value (MVRV) ratio fell below 0.8 at the same time ETH tested the triangle’s support.  According to his read, that specific MVRV threshold has previously coincided with important buy signals, which makes the recent reset more meaningful than a random bounce.  Adding to the technical narrative, the SuperTrend indicator flipped to bullish for the first time since May of last year, indicating that momentum may be shifting back in favor of buyers.  Martinez had previously observed in a social media analysis that this suggests that Ethereum’s consolidation or accumulation period may be coming to an end, with the $1,800 support playing a crucial role in a scenario where selling pressure emerges and challenges this crucial level.  Ethereum Price Targets Identified The analyst set out several price bands between market value and realized value that could serve as resistance points if Ethereum continues its recovery in the short, medium, and long term.  Martinez stated that the first significant objective to be reclaimed was $2,356, which was not exceeded in the broader market surge witnessed last week. Mid-term targets at $2,647 and $3,639 came next.  Related Reading: Bitcoin, XRP Rallies Won’t Hold Until Oil Falls Toward $80, Expert Warns Looking ahead, the analyst indicated $4,632–the last resistance before reaching all-time highs of $4,956–and $5,624 as longer-term “expansion” zones that would indicate further positive momentum. Despite the bullish signals, Martinez was careful to temper expectations: he emphasized that a full-blown bull market is not yet guaranteed.  Still, he argued that the convergence of technical support, the MVRV buy signal, and the SuperTrend flip represent the strongest combination of bullish indicators for Ethereum seen in a while. Featured image from OpenArt, chart from TradingView.com 

Ethereum price started a recovery wave above the $2,120 zone. ETH is now consolidating above $2,140 and is struggling to clear the $2,200 resistance. Ethereum started a recovery wave above the $2,150 zone. The price is trading above $2,120 and the 100-hourly Simple Moving Average. There is a new bearish trend line with forming resistance at $2,175 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,205 resistance. Ethereum Price Faces Resistance Ethereum price managed to stay above $2,050 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $2,080 and $2,120 resistance levels. The price cleared the 38.2% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. However, the bears seem to be active below the $2,200 resistance. There is also a new bearish trend line with forming resistance at $2,175 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,140 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,100, the price could attempt another increase. Immediate resistance is seen near the $2,175 level and the trend line. The first key resistance is near the $2,205 level or the 50% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. The next major resistance is near the $2,250 level. A clear move above the $2,250 resistance might send the price toward the $2,300 resistance. An upside break above the $2,300 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,345 resistance zone or even $2,365 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,175 resistance, it could start a fresh decline. Initial support on the downside is near the $2,120 level. The first major support sits near the $2,100 zone. A clear move below the $2,100 support might push the price toward the $2,065 support. Any more losses might send the price toward the $2,020 region. The main support could be $2,000. 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 – $2,065 Major Resistance Level – $2,175

The Ethereum price has jumped back above $2,100 despite broader market volatility, driven by aggressive whale accumulation and tightening supply. However, recent updates reveal that whales are now selling their ETH, likely taking profit after prices recovered slightly. The key question now is whether this increased selling pressure could trigger a decline in Ethereum, potentially pushing its price back below $2,000 once again. ETH Faces Heavy Selling From Whales After recording massive accumulations just last week, crypto whales are now back to selling ETH. A new report released on X by on-chain researcher ‘The DataNerd’ revealed that a 2-year-dormant Ethereum whale recently deposited a staggering 15,000 ETH, valued at approximately $30.97 million, to the crypto exchange Coinbase.   Based on the size and timing of the transfer, flagged by Arkham Intelligence, the dormant whale may be looking to sell or trade their ETH. Interestingly, the DataNerd disclosed that the whale was an early participant in Ethereum’s initial coin offering (ICO), meaning they bought ETH when the cryptocurrency first launched at an extremely low price.  Related Reading: Ethereum Whales Are Making Money Again, But Will They Hold Or Sell? The post also mentioned that the whale used a dollar-cost averaging (DCA) strategy to buy 17,400 ETH at an average price of about $11.6 per coin on Poloniex. Despite moving some ETH to Coinbase, the whale still holds 14,800 ETH in their wallet, worth roughly $30.5 million, showing they haven’t sold most of their holdings yet.  Another recent large-scale ETH sell-off was identified by blockchain analytics platform Lookonchain on X. According to the report, an “EthereumOG” with the wallet address 0xa2F6 sold 15,002 ETH on March 23, worth approximately $30.97 million. The data showed that the whale had previously received 172,700 ETH for $12.83 per coin a decade ago, valued at $2.2 million at the time. However, based on Ethereum’s price during the transaction, the whale’s holdings have gained by more than 16,082%, reaching a whopping $356 million.  How This Selling Pressure Affects The Ethereum Price The recent spikes in whale selling activity could have broader implications for Ethereum’s price. When large ICO whales move their holdings to a crypto exchange, it often signals that they may be preparing to sell. Such large-scale ETH deposits can create significant selling pressure on the market, as other traders closely watching the whale movements may react by selling or adjusting their positions.  Related Reading: The 8-Year Ethereum Convergence That Says An Altcoin Season Stronger Than 2021 Is Coming This can trigger a chain reaction, putting short-term downward pressure on Ethereum’s price. The effect is even stronger when the whales involved are bigger and older, significantly increasing price volatility. With ETH trading around $2,100, persistent whale sell-offs could push its price lower, possibly sending it below $2,000. Its price has already fallen by more than 5%over the past seven days, according to CMC data, highlighting its underlying bearish momentum. Featured image from Getty Images, chart from Tradingview.com

Ethereum is trading below $2,200. The market is volatile. And yet, quietly, the structural case for ETH has never looked more constrained on the supply side. A new CryptoQuant report reveals that 38.31 million ETH — roughly 31.4% of the total supply — is now locked in staking, an all-time high. That is not a footnote. It is the most significant supply development in Ethereum’s recent history, and the price has not caught up to it yet. Related Reading: Bitcoin Structure Has Changed: UTXO Data Challenges Traditional Cycle Narratives The data is unambiguous: the ETH 2.0 Staking Rate indicator just recorded its highest reading ever, meaning nearly one in three Ether in existence is off the market, unavailable for immediate sale, and contributing nothing to exchange liquidity. Simultaneously, the circulating supply of Ethereum on Binance has fallen to its lowest level since 2020 — a parallel compression that tightens the market from two directions at once. The analysis reveals a market hollowing out from the inside. Sellers have less to sell. Buyers face a thinner book. And volatility, for now, is masking a structural shift that the price has yet to fully price in. A Market Being Drained From Both Ends The report makes the consequence plain: nearly one third of all Ethereum in existence is no longer available for immediate sale. That is not a temporary dislocation. It is the cumulative result of a sustained behavioral shift — investors moving capital out of active trading and into long-term staking, with no indication of reversal. The exchange data sharpens the picture further. Ethereum’s circulating supply on exchanges has fallen to its lowest level since 2016. Not since last cycle. Not since the last correction. Since 2016, a figure that reframes the entire conversation about where this market stands structurally. What that number means in practice is straightforward: the book is thin. When available supply contracts to historic lows, the market loses its buffer. Modest buying pressure — the kind that would barely register in a liquid market — becomes capable of triggering outsized price moves. The mechanism for a supply shock is not theoretical. It is already assembled. Selling pressure is declining because sellers are becoming holders. Holders are becoming stakers. And stakers, by definition, are not selling. The market is not just tightening. It is being restructured in real time. Related Reading: Ethereum Price Divergence Signals Weak US Buying Pressure: Coinbase Premium Stays Negative The Chart Tells a Harder Story Ethereum is currently trading at $2,180, up 6.16% on the week but still navigating one of the more structurally precarious positions it has occupied since the 2022 bear market. The weekly candle opened at $2,053, tapped a high of $2,198, and has not yet reclaimed it — a detail that matters. The longer context is sobering. After peaking near $4,800 in early 2025, ETH has retraced more than 50% over roughly twelve months. The current price sits below all three major moving averages visible on the chart — the short-term blue, the mid-term green, and the long-term red — an alignment that technically defines a market still in distribution, not accumulation. Related Reading: Bitmine Locks 68% of Ethereum Holdings As Staking Position Surpasses $6.75B What the chart also shows is where support has historically lived. The $2,000 level has acted as a structural floor across multiple cycles, and last week’s wick to $1,700 — which was bought aggressively, as the volume spike confirms — suggests that floor is being defended. For now. The critical question is not whether $2,180 holds. It is whether ETH can reclaim $2,500 and put distance between itself and those moving averages. Until it does, every rally is a test, not a trend. Featured image from ChatGPT, chart from TradingView.com 

Ethereum price started a recovery wave above the $2,065 zone. ETH is now consolidating above $2,120 and might aim for more gains if it clears the $2,200 resistance. Ethereum started a recovery wave above the $2,125 zone. The price is trading above $2,140 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,145 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,200 resistance. Ethereum Price Eyes Steady Gains Ethereum price managed to stay above $2,020 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $2,065 and $2,120 resistance levels. The price cleared the 38.2% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. Besides, there was a break above a key bearish trend line with resistance at $2,145 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,120 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,100, the price could attempt another increase. Immediate resistance is seen near the $2,180 level. The first key resistance is near the $2,200 level or the 50% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. The next major resistance is near the $2,250 level. A clear move above the $2,250 resistance might send the price toward the $2,300 resistance. An upside break above the $2,300 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,345 resistance zone or even $2,365 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,180 resistance, it could start a fresh decline. Initial support on the downside is near the $2,140 level. The first major support sits near the $2,110 zone. A clear move below the $2,110 support might push the price toward the $2,065 support. Any more losses might send the price toward the $2,010 region. The main support could be $2,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,065 Major Resistance Level – $2,180

Data shows the Ethereum Coinbase Premium Index has stayed inside the negative territory even as the price has climbed back above $2,100. Ethereum Coinbase Premium Index Is Red Right Now As pointed out by Arab Chain in a CryptoQuant Quicktake post, the Coinbase Premium Index has been in the red zone for Ethereum recently. This indicator keeps track of the percentage difference between the ETH price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Bitcoin HODLers Quietly Add 332,000 BTC Amid Market Chaos Below is a chart that shows the trend in the Ethereum Coinbase Premium Index over the past month. As is visible in the graph, the Ethereum Coinbase Premium Index has dropped into the negative region in the last few days, indicating BTC has been trading at a lower rate on Coinbase as compared to Binance. In other words, users of the former have been applying a higher selling pressure than that of the latter. Initially, the decline in the indicator came as the asset observed a retrace from last week’s highs. The timing would suggest that Coinbase traders led the price drawdown. But interestingly, while the Coinbase Premium Index has remained at a value of -0.0149 during the past day, ETH’s price has actually seen a rebound back above the $2,100 level. The trend could be a sign that Binance investors have helped provide the fuel for the surge. If the Coinbase Premium Index stays red in the coming days, however, it’s possible that the move could run out of momentum. This is because, in recent times, American institutional entities, which use Coinbase as their preferred platform, have tended to be the drivers in the cryptocurrency sector. Whenever demand from these investors is lacking, Ethereum and other major tokens like Bitcoin tend to suffer. So far, the rebound hasn’t been able to ignite interest among the US-based whales, so it only remains to be seen whether things will change as the rally unfolds. The Coinbase Premium Index only tells a short-term story of the market. From a more long-term view, Ethereum’s rebound from $1,800 over the past month occurred after a retest of a significant level in the Market Value to Realized Value (MVRV) Ratio, as analyst Ali Martinez has highlighted in an X post. Related Reading: Dogecoin Could 200% Rally If This Floor Holds, Analyst Says The MVRV Ratio basically tells us about the profit-loss situation of the ETH investors as a whole. As shown in the below chart, the Ethereum MVRV Ratio plunged below 1.0 during this year’s drawdown, implying that the overall network entered into a state of loss. The metric ended up going down to the 0.8 level, which has often acted as a low point for the cryptocurrency in the past. “Historically, this is a ‘Generational Buy’ zone,” noted the analyst. Since this retest, ETH has observed its rebound. ETH Price At the time of writing, Ethereum is trading around $2,160, down 7% over the past week. Featured image from Dall-E, chart from TradingView.com

Ethereum whales are now back in profit as the ETH price continues to climb, defying the broader market downtrend. Data from the on-chain analytics platform CryptoQuant indicate that these whales are investors with wallets holding over 100,000 ETH. The sudden move into profitability raises the question of whether these large-scale investors will hold their positions or sell immediately, as key historical chart patterns signal a potential price surge for ETH in the coming months.   Ethereum whales are reportedly back in the green after sitting on a pile of paper losses following ETH’s persistent price decline this year. According to CryptoQuant, this is the first time that whales holding over 100,000 ETH have become profitable since early February 2026.  Ethereum Whales Move Back Into Profit Zone While a shift into the profit zone is typically viewed as a bullish signal, it also highlights the potential for large-scale investors to sell and take profit. Market analysts CryptoTice and CW have also spotlighted this recent movement on X, offering insights into its broader significance.  Related Reading: Ethereum Price Won’t Crash To $1,500 Until This Happens First, Analyst Reveals In his analysis, CW pointed out that areas where large whales previously incurred losses are often seen as market bottoms. He explained that when these whales return to profitability, the moment they do so can mark the start of a major uptrend. Given ETH whales’ latest move into profitability, CW suggests the current market could be at the beginning of a bullish reversal. Sharing a different yet equally bullish perspective, Crypto Tice highlighted a recurring historical pattern in which whales returning to profitability triggered significant price rallies for ETH. He emphasized that wallets holding above 100,000 ETH don’t flip back into profit by accident. According to him, every single time this has happened, ETH has recorded a 25% increase within three months, a 50% rally in six months, and a staggering 300% gain within the year.  CryptoTice noted that these large-scale whale addresses have survived every market cycle, experiencing both bull runs and bear market crashes. He stated that they were the ones that accumulated at the bottom while everyone else sold due to panic as broader volatility and negative sentiment spread.  Based on his analysis, if Ethereum perfectly follows the same historical pattern, it could see its price skyrocket from its current price of above $2,150 to roughly $2,687 in three months, approximately $3,335 in six months, and about $8,600 within the year.  Analyst Identifies New Sell Wall For ETH Whales In a more recent analysis, CW shared a potential sell wall for Ethereum whales looking to take profits. In his ETH chart, he marked $2,350 as the next sell wall, representing a roughly 9.3% increase from current levels.  Related Reading: Ethereum Price Is Headed For $8,500 If This Happens At the same time, the analyst noted that Ethereum whales are still on a strong buying spree. He stated that these large-scale investors have continued to accumulate ETH even during sideways movement, matching the scale of the net buying seen among Bitcoin whales.  Featured image from Freepik, chart from Tradingview.com

Ethereum is attempting to reclaim the $2,200 level as market participants react to recent moves by US President Donald Trump in the Middle East, developments that have introduced renewed volatility across global risk assets. The reaction reflects a broader sensitivity to geopolitical uncertainty, with crypto markets showing mixed signals as traders reassess risk exposure. Related Reading: Bitmine Locks 68% of Ethereum Holdings As Staking Position Surpasses $6.75B Despite the attempted recovery, the underlying data suggest that demand remains uneven. According to CryptoQuant analyst Arab Chain, the Coinbase Premium Index for Ethereum has registered a reading of approximately -0.0149, a clearly negative value. This indicates that ETH is trading at a higher price on Binance compared to Coinbase, pointing to relatively weaker demand from US-based investors. This divergence is significant. Coinbase is often used as a proxy for institutional and US market activity, while Binance reflects broader global participation. A negative premium suggests that buying pressure is currently stronger outside the US, while domestic demand remains subdued. In this context, Ethereum’s attempt to reclaim $2,200 faces structural headwinds. While global liquidity appears active, the lack of strong US participation raises questions about the sustainability of the current move, particularly in a market still influenced by macro and geopolitical uncertainty. Coinbase Premium Signals Weak US Support for Ethereum Arab Chain further explains that the shift of the Coinbase Premium Index into negative territory typically reflects either rising selling pressure or a decline in buying appetite among US investors. In contrast, liquidity on Binance appears more active, suggesting that global participants are currently driving price action while US demand lags behind. Although Ethereum has attempted a rebound following recent declines, the persistence of the index at around -0.0149 indicates that this move lacks strong support from Coinbase. In practical terms, the recovery is not being confirmed by US-based flows, which are often associated with institutional activity and deeper liquidity. The index’s position below zero serves as a cautionary signal, particularly while the divergence between Binance and Coinbase persists. Sustained negative readings reveal an imbalanced market structure where selective participation drives rallies instead of broad-based demand. However, this signal is dynamic. If the index begins to recover toward zero or turns positive, it would suggest a return of US buying pressure, restoring balance between platforms. Such a shift would likely reinforce upward momentum and provide stronger confirmation for a sustained Ethereum recovery. Related Reading: Ethereum Whales Return to Profitability as Historical Bottom Signal Reappears Ethereum Faces Resistance as Recovery Attempts Stall Below Key Averages Ethereum is currently trading around the $2,150–$2,200 range, attempting to stabilize after a sharp breakdown that occurred in early February. The chart shows a clear shift in structure, with ETH losing its previous higher-low formation and entering a sustained downtrend characterized by lower highs and persistent selling pressure. The recent bounce from sub-$1,900 levels reflects short-term demand, but price action remains constrained below key moving averages. ETH is still trading under the 50-day and 100-day moving averages, both of which are sloping downward, signaling that momentum remains bearish in the medium term. More importantly, the 200-day moving average sits significantly higher, reinforcing the broader trend weakness and acting as a distant resistance level. Related Reading: Binance Leads XRP Whale Exodus As 530M Tokens Exit In Single-Day Surge Volume dynamics also support this view. The largest spike in activity occurred during the February selloff, suggesting capitulation rather than accumulation. Since then, recovery attempts have been accompanied by relatively lower volume, indicating a lack of strong conviction from buyers. Structurally, Ethereum appears to be consolidating within a narrow range after the decline. Unless ETH can reclaim the $2,300–$2,400 region and break above key moving averages, the current price action is more consistent with a bearish continuation or range-bound consolidation rather than the start of a sustained recovery. Featured image from ChatGPT, chart from TradingView.com 

Bitmine has increased its bet on Ethereum (ETH) with a $137 million purchase, as the King of Altcoins reclaims the crucial $2,150 level, and some market observers call for the end of the crypto market correction. Related Reading: Ethereum Whales Return to Profitability as Historical Bottom Signal Reappears Bitmine Adds 65,000 ETH Amid End Of Crypto Winter Calls On Monday, the largest Ethereum treasury in the world, Bitmine, announced it continued to ramp up its bet on the King of Altcoins by purchasing roughly $137 million in ETH last week. In its weekly update, the company reported it acquired 65,341 ETH over the past week, maintaining its “increased pace of ETH buys in each of the past three weeks.” This represents a significant increase in the average 45,000-50,000 ETH acquisitions from prior weeks. Notably, Bitmine’s latest purchase has pushed the company’s total crypto and cash holdings to $11 billion at current prices. As of March 22, the second-largest crypto treasury firm holds 4,660,903 ETH, 196 Bitcoin (BTC), a $200 million stake in Beast Industries, a $95 million stake in Eightco Holdings as part of its “Moonshots” initiative, and unencumbered cash worth $1.1 billion. In addition, it holds 3.86% of ETH’s total supply, and nears its goal to control 5% of the leading altcoin’s 120.7 million supply. Meanwhile, the firm’s total staked ETH stands at 3,142,643, worth $6.5 billion at $2,072 per ETH. Bitmine’s chairman, Tom Lee, highlighted that the company maintained its increasing purchasing pace due to its base case that “ETH is in the final stages of the ‘mini-crypto winter.’” As he noted, “crypto and particularly ETH have outperformed the broader market since the Iran war commenced, with ETH rising 18% and outperforming equities by 2,450bp.” To Lee, this has demonstrated that cryptocurrencies are a “good ‘wartime’ store of value.” He also highlighted the US Congress’s recent progress on the CLARITY Act, affirming that it will be a positive fundamental catalyst for Ethereum and “another reason probabilities favor the crypto winter as being largely behind us.” Ethereum Bullish Momentum Returned? On Monday morning, Ethereum rose alongside the rest of the crypto market after President Donald Trump announced he was postponing planned strikes on Iranian energy power plants for five days. Ethereum surged 8% from the $2,000 psychological level, reclaiming the crucial $2,150 area. Analyst Ali Martinez noted that the King of Altcoin is “showing signs of a major structural shift,” as it has shown the strongest combination of technical support and on-chain signals in months. From a technical perspective, Ethereum is currently trading within a multi-year ascending triangle pattern on the weekly chart. This pattern suggests a potential breakout towards the $10,000 level. As he explained, the recent move toward $1,800 served as “a critical reaction point, aligning with the rising trendline of this multi-year structure.” In addition, on-chain data confirms that the recovery “wasn’t just a random bounce,” with the MVRV ratio recently dropping below 0.8, which historically has been a “generational buy zone.” The fact that this on-chain reset happened exactly as price tested the triangle’s support adds massive weight to the bullish thesis. He also highlighted that the key SuperTrend indicator has flipped from Sell to Buy for the first time since May, suggesting that the extended sideways period is ending, and a new uptrend is beginning. Related Reading: Dogecoin Could 200% Rally If This Floor Holds, Analyst Says Martinez concluded that a sustained move above the $2,350 area would be the first signal that Ethereum is exiting its accumulation range and entering a “true bull market expansion” and that any dips into the $1,800-$2,000 range should be “viewed as an opportunity as long as the $1,800 floor remains intact.” Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum price started a recovery wave from the $2,025 zone. ETH is now consolidating above $2,120 and might struggle to clear the $2,200 resistance. Ethereum started a recovery wave above the $2,120 zone. The price is trading above $2,120 and the 100-hourly Simple Moving Average. There is still a key bearish trend line active with resistance at $2,165 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,165 resistance. Ethereum Price Faces Resistance Ethereum price managed to stay above $2,000 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $2,080 and $2,120 resistance levels. The price cleared the 38.2% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. More importantly, there was a break above one of the two bearish trend lines with resistance at $2,120 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,100 and the 100-hourly Simple Moving Average. However, the bears are active near $2,180. Besides, there is still a key bearish trend line active with resistance at $2,165. If the bulls remain in action above $2,065, the price could attempt another increase. Immediate resistance is seen near the $2,165 level. The first key resistance is near the $2,200 level. The next major resistance is near the $2,250 level. A clear move above the $2,250 resistance might send the price toward the $2,300 resistance or the 76.4% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. An upside break above the $2,300 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,350 resistance zone or even $2,400 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,165 resistance, it could start a fresh decline. Initial support on the downside is near the $2,120 level. The first major support sits near the $2,065 zone. A clear move below the $2,065 support might push the price toward the $2,025 support. Any more losses might send the price toward the $2,000 region. The main support could be $1,940. 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 – $2,065 Major Resistance Level – $2,165

Ethereum is flashing early warning signs as momentum begins to shift beneath the surface. The RSI trendline break on the USDT pair suggests weakening strength, while the ETH/BTC pair now sits on the edge of following suit. With a familiar breakdown pattern taking shape, the risk of a double confirmation is rising, one that could open the door to a sharper move lower. RSI Breakdown Signals Early Weakness On Ethereum/USDT According to a recent Ethereum analysis from Umair Crypto, the USDT pair has already seen its RSI trendline break, signaling an initial shift in momentum. The ETH/BTC pair is expected to follow suit shortly, making a new lower low a matter of when, not if. Related Reading: Ethereum Exchange Inflows Signal Shift: Whales Reduce Selling Pressure This pattern mirrors a sequence recently observed with Solana. In that instance, the USDT pair’s RSI trendline fractured first while the BTC pair initially appeared to maintain its strength. Ethereum is now replicating this exact behavior, setting the stage for a similar recursive breakdown. While the ETH/BTC pair is currently holding its levels, the analysis suggests this resilience is temporary. However, once the BTC pair loses its footing, the lack of support across both denominations will likely trigger a sharp move to the downside. This alignment represents the most volatile and high-risk version of a market breakdown for Ethereum. Resilience Under Pressure, But At What Cost? The analyst went on to emphasize that both Bitcoin and Ethereum have shown notable strength throughout the intensity of the broader macro battle. That resilience is undeniable, but it hasn’t come without a cost. Rather than forming a solid base, the market has effectively been running on borrowed time, and the fatigue now visible on the charts suggests that the cost of that strength is beginning to surface. From this point, a move toward a lower low should not come as a surprise. Related Reading: Ethereum Rising Wedge Warning: Breakdown Could Send Price Toward $1,500 A major catalyst is adding to the current tension. Over $2.1 billion in BTC and ETH options is set to expire today, alongside Wall Street’s massive $5.7 trillion Triple Witching event. While such large expiries don’t directly trigger market direction, they tend to magnify existing momentum. In this case, the underlying structure already points to the downside, meaning any move could be accelerated under these conditions. The breakdown sequence is also becoming increasingly clear. The USDT pair was the first to show weakness, losing its key structure and signaling the initial shift in momentum.  Now, attention turns to confirmation from the ETH/BTC pair. When this alignment occurs, it typically leads to a more decisive and aggressive move lower as bearish pressure takes full control. Featured image from Pexels, chart from Tradingview.com

Ethereum is holding above the $2,000 level as selling pressure begins to build again, placing the market in a fragile position after recent recovery attempts. While price has managed to remain above this key psychological threshold, momentum is weakening, with sellers increasingly active on short-term rallies. Related Reading: Ethereum Exchange Inflows Signal Shift: Whales Reduce Selling Pressure At the same time, structural developments beneath the surface suggest a more complex dynamic. A recent surge in Ethereum staking activity at Bitmine, a Fundstrat-backed institutional platform focused on large-scale ETH accumulation and yield strategies, is drawing attention. Just two days ago, Bitmine staked an additional 94,670 ETH, worth approximately $204 million, bringing its total staked holdings above 3 million ETH. This is significant for several reasons. First, staking effectively removes ETH from the circulating supply, tightening liquidity in the spot market. Second, it reflects a long-term conviction strategy, as staked assets are typically locked and aligned with yield generation rather than short-term trading. In the current environment, where selling pressure is increasing, this type of institutional behavior provides a counterbalance. While price action remains uncertain, large-scale staking by entities like Bitmine suggests that some participants are positioning for longer-term upside, even as short-term volatility persists. Bitmine Locks Majority of ETH Holdings as Staking Strategy Deepens Data from CryptoQuant further highlights the scale and intent behind Bitmine’s Ethereum strategy. The platform now holds approximately 3,135,185 ETH staked, representing around $6.75 billion, with 68.22% of its total holdings locked in staking contracts. This level of commitment is notable, as it signals a deliberate shift toward long-term yield generation rather than short-term liquidity management. From a structural perspective, this concentration of staked ETH has direct implications for market dynamics. By locking a significant portion of its holdings, Bitmine is effectively removing supply from the liquid market, contributing to tighter circulating availability. In periods of stable or rising demand, this type of supply constraint can amplify price movements, particularly if broader participation increases. However, the signal is nuanced. While large-scale staking reflects institutional conviction, it also reduces flexibility. Locked positions cannot be quickly redeployed in response to market changes, which suggests confidence in Ethereum’s medium- to long-term outlook. In the current context, where selling pressure is gradually increasing, this behavior stands in contrast to more reactive market participants. It reinforces the idea that while short-term sentiment remains cautious, strategic capital continues to position for structural upside, potentially shaping the next phase of Ethereum’s market cycle. Related Reading: Binance Leads XRP Whale Exodus As 530M Tokens Exit In Single-Day Surge Ethereum Trades in Compression Range as Macro Downtrend Persists Ethereum is currently trading around the $2,000–$2,100 range, consolidating after a sharp decline from the $3,500 region earlier in the cycle. The chart shows a clear loss of bullish structure, with ETH failing to sustain higher highs and instead forming a sequence of lower highs since late 2025. From a higher timeframe perspective, the trend remains structurally bearish. Price remains below the 50-period and 100-period moving averages as the 200-period moving average slopes downward overhead. This alignment reinforces the idea that broader momentum is still negative, with rallies likely to face resistance in the $2,800–$3,200 range. Related Reading: Solana Structure Fractures: Accumulation In Spot Clashes With Derivatives Selling Pressure The recent price action reflects compression rather than expansion. After the February sell-off, ETH has entered a sideways range, with relatively tight price movement compared to prior volatility. This type of consolidation often indicates a temporary balance between buyers and sellers, but within a broader downtrend, it typically resolves in the direction of the prevailing trend unless strong demand emerges. Volume patterns show elevated activity during the initial decline, followed by reduced participation during consolidation, suggesting a lack of aggressive accumulation. In the near term, holding the $2,000 level is critical, while a breakout above $2,300 would be required to challenge the current bearish structure. Featured image from ChatGPT, chart from TradingView.com