Ethereum is negotiated at low levels after failing to recover the bar of $ 2,500, leaving the uncertain market of its next movement. Analysts remain divided, some calling for a continuous decrease because the action of the prices of the ETH remains unstable, while others see signs of a potential recovery forming at key support levels.
The higher analyst Ali Martinez shared data on the Glassnode chain, revealing that the number of Ethereum addresses holding more than 10,000 ETH fell to 919, down 999 at the end of February. This suggests that the whales sold strongly during the last correction, probably driven by problems of fear and liquidity. The capitulation of major players is often a lowering sign, signaling uncertainty among institutional investors and raising concerns concerning the risk of additional decline.
10k | Source: Ali Martinez on X” width =”980″ Height =”551″ srcset =”https://bitcoinist.com/wp-content/uploads/2025/03/eth_2299fb.jpeg?w=1200 1200W, https://bitcoist.com/wp-content/uploads/2025/03/eth_2299fb.jpeg?w=640 https://bitcoinist.com/wp-content/uploads/2025/03/eth_2299fb.jpeg?w=768 768W, https://bitcoist.com/wp-content/uploads/2025/03/eth_2299fb.jpeg?w=980w, https://bitcoinist.com/wp-content/uploads/2025/03/eth_2299fb.jpeg?w=750 750W, https://bitcoist.com/wp-content/uploads/2025/03/eth_229fb.jpeg?w=1140″ sizes =”(max-width: 980px) 100VW, 980px”/>Despite this wave of sale, Ethereum has held a key level of demand around $ 2,200, suggesting that a potential reversal could be formed. If ETH manages to stabilize at this level, it could take momentum for a rebound in the coming weeks.
The coming weeks will be crucial for the action of ETH prices. If the bulls regain control, Ethereum could try another push around $ 2,500 and beyond. However, not maintaining current levels could lead to another leg down, extending its bearish phase and now traders on board.
Price action details: key levels to monitor
Ethereum (ETH) is currently negotiated at $ 2,300, wedged in a range after failing above $ 2,500 or a break in less than $ 2,000. The market remains uncertain, volatility swinging the price of ETH at the top and lowering, preventing a clear tendency to train.
So that the bulls confirm a recovery gathering, a thrust above the range of $ 2,500 to $ 2,600 is essential. The recovery of this area would lead to a strong dynamic of purchase, which could change the feeling in favor of the bulls. Without this decision, Ethereum remains at the risk of continuous consolidation or another leg down.
However, for the moment, the emphasis is placed on the maintenance of the level of request of $ 2,200. This key support area has prevented ETH from beingnd down, but in the event of failure, the sales pressure could intensify, pushing Ethereum to $ under 2,000 levels.
The uncertainty of the market being always high, the traders look if the ETH can stabilize above $ 2,200 or take momentum towards higher levels of resistance. Until Ethereum leaves its current range, volatility should continue, keeping the bulls and prudent bear regarding the next price movement.
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