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Monday, Ethereum (ETH) recovered the support of $ 2,000, fueled by the recovery of the market. After reaching a two-week summit of $ 2,104, an analyst noted that cryptocurrency could end positively in March.
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Ethereum approaches the green monthly fence
In the past 24 hours, Ethereum jumped 6.2% compared to the bar from $ 1,980 to $ 2,104. The start of the start of the week resumed that Eth retests the resistance of $ 2,100 for the first time in a week and near its crucial price range.
In the middle of recent performance, Rekt Capital note That the action of cryptocurrency prices is “not so far” to transform the difference in a downward wick in the monthly time.
ETH fell below the fork from $ 2,196 to $ 3,900 on March 9, diving At $ 1,750 in the following days, its lowest level since November 2023. After having withdrawn a historic demand arena, “Ethereum is now only by + 5% to position itself for a recovery from its macro range,” said the analyst.
The recovery of this level before the closure of March would see “all this $ 1,200 down to drop as a downward wick”. In addition, Coinglass data show that the action of the current prices of Ethereum is 6.8% of the transmission of Mars green.
The cryptocurrency opened the month at $ 2,237, and at a fence above this level could end his three -month bleeding sequence. However, if he does not finish March with positive yields, ETH could feel four months of red for the first time since 2018.
The “King of Altcoins” saw its worst first quarter in seven years, currently down 37.46% compared to its opening in 2025. However, Ethereum has historically seen a bruise Q2, closing only the second quarter in red twice.
A recovery of the Macro Eths Macro could see the cryptocurrency go back to the peaks of the range over the next three months.
Can ETH recover 2,200?
Analyst Ali Martinez sharp The key levels to monitor, suggesting that the most crucial support area of Ethereum is between $ 1,886 and $ 1.944, where more than 3 million investors bought about 6.12 million ETH.
Meanwhile, its largest resistance is between $ 2,250 and $ 2,610, where 12.28 million addresses accumulated ETH.
He added that “a decisive rupture above this area would cancel the lower perspectives”. Likewise, Crypto Jelle highlighted This ETH tries to recover the key resistance of $ 2,200, which could feed a “monster deviation” if it was recovered.
Analyst Ted Pillows suggested that Ethereum’s manipulation phase “is almost finished”. Previously, the analyst assertive This ETH graph has shown a power of three (PO3) in manufacturing, indicating that cryptocurrency is in the manipulation phase.
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According to the analyst, “an escape greater than $ 2,200 and an expansion phase will begin.” He note That escape could be possible because ETH has retested its support for the multi -year trend line, which has not been reteteted only three times since 2021.
The last two times, “they have marked the bottom of the cycle”, which could suggest that Ethereum bleeding is ready for recovery if it repeats its historical performance.
To date, Ethereum is negotiated at $ 2,090, an increase of 4.3% of the daily period.
Star image of Unsplash.com, tradingView.com graphic
