NEWSLETTER
The price of ethereum has dragged in recent days, but remains below a key resistance level.
ethereum (eth) shot Saturday to exceed the minimum of this month of $ 1,762. At the time of publication, it was quoted in around 1,940,57.
eth, the second largest cryptocurrency, remains in a deep bear market after falling into more than 53% of its highest level in December.
A reason for the current mass sale is that investors remain on the sidelines while the crypto and stock market is withdrawn in the midst of President Donald Trump's rates.
Third -party data show that Wall Street investors have continued to sell their eth ETF. According <a target="_blank" href="https://sosovalue.com/assets/etf/us-eth-spot” target=”_blank” rel=”nofollow”>SótarAll ETFs of ethereum show more than $ 143 million in assets this week, a large increase of the $ 119 million that lost a week earlier.
They have lost assets in the last three consecutive weeks, carrying accumulative net tickets to $ 2.56 billion. The Ethe of Grayscale has more than $ 2.35 billion in assets, followed by the Blackrock ETHA, which has $ 2.1 billion. All ETF ethereum have more than $ 6.6 billion, much lower than the $ 93 billion of bitcoin (btc).
In addition, the futures market is sending a warning about ethereum prices. The data show that linear weekly futures have moved to the backward phase for the first time since August. The setback is a period in which the prices of futures are lower than current levels.
On the positive side, there are signs that some investors are buying the dip. Donald Trump's world, Liberty Financial, bought more eth worth more than $ 540,000.
More Cryptoquant data show that whales have continued to accumulate eth. As shown below, the balances of these large investors have bounced in recent months.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“>
https://twitter.com/cryptoelites/status/190062963076198544
ethereum Price Analysis
<img loading="lazy" decoding="async" width="3550" height="1978" src="https://crypto.news/app/uploads/2025/03/ethereum-Price-4.png” alt=”ethereum price”/>
The daily table shows that ethereum Price has stabilized in recent days. It has increased from a minimum of $ 1,762 to $ 1,930.
ethereum has failed to turn the important psychological point at $ 3,000 in support. It also remains below the crucial resistance level at $ 2,115, the lowest swing in August and the triple point neckline at $ 4,000.
ethereum has formed a pattern of the cross of death as the mobile averages of 50 days and 200 days crossed each other. He has also formed a bearish flag pattern, pointing to more inconveniences ahead. This bearish view will be confirmed if it falls below the minimum of this month of $ 1,762.
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
