TLDR
- ETH is trading around $2,040–$2,100, down 6% over the past seven days
- Realized volatility on Binance dropped to its lowest level since mid-January
- Analyst Ted Pillows warned that losing $2,000 could accelerate a sell-off
- Spot Ethereum ETFs saw $4.9M inflows Monday after eight straight days of outflows totaling ~$440M
- Iran’s President Pezeshkian’s comments about ending conflict briefly pushed ETH up 4%
Ethereum has been under pressure lately, trading between $1,935 and $2,100 over the past week. The price dipped below $2,000 before recovering to around $2,040 to $2,100 as of Tuesday.
ETH is down roughly 6% over the seven-day period. The recent low of $1,936 marked a key turning point where buyers stepped in.
The price has since climbed back above the 100-hourly Simple Moving Average. It also broke above a short-term bearish trend line that had been capping gains around $2,060.
Realized volatility on Binance fell to 0.62 on Tuesday, down from 1.15 in mid-February. That is the lowest reading since early January, when ETH was trading above $3,000.
CryptoQuant analyst Arab Chain noted that this kind of calm has historically come before sharp price moves. The volatility Z-Score has turned negative at -0.43, sitting below its historical average.
A similar volatility drop in August-September 2025 preceded an 18% decline, followed by a 25% rally in under two weeks. A December 2025 drop in volatility led to a 20% price gain.
Key Price Levels to Watch
Analyst Ted Pillows posted on X that bounces are being retraced quickly. He stated that if ETH loses the $2,000 level, “the dump will accelerate.”
$ETH is looking weak here.
Any bounce is getting retraced quickly, which is a sign that Ethereum wants to go down.
If ETH loses the $2,000 level here, the dump will accelerate. pic.twitter.com/v7tBHpamJw
— Ted (@TedPillows) March 31, 2026
Below $2,000, a support zone between $1,750 and $1,800 holds over 1.4 million ETH in accumulated positions, per Glassnode data. Losing that zone could open the door toward $1,150.
On the upside, ETH needs to clear the $2,100–$2,200 range where the 50-day EMA sits. Above that, the next target is the March 16 local high of $2,380.
ETF Flows and Macro Catalyst
US spot Ethereum ETFs recorded $4.9 million in inflows on Monday. That came after eight consecutive days of net outflows totaling around $440 million.
ETH gained 4% on Monday following comments from Iran’s President Masoud Pezeshkian, who indicated willingness to end the conflict with the US and Israel if guarantees are met. Oil prices dropped 5% on the news while crypto and equities rose.
Ethereum $ETH often bottoms near the 0.80 MVRV band and starts a new bull run after breaking above the Realized Price. pic.twitter.com/1XaBTQcrlJ
— Ali Charts (@alicharts) March 31, 2026
Crypto analyst Ali Charts posted on X that Ethereum often bottoms near the 0.80 MVRV band and begins a new bull run after breaking above the Realized Price — a level ETH is currently testing.
ETH saw $95.9 million in total liquidations over the past 24 hours, with $52.8 million coming from short positions, according to Coinglass.
