TLDR
- Ethereum is currently trading around $2,054 after reaching a peak of $2,104 on March 25, 2025
- Analysts predict a potential 9% pullback to the $1,900 area before a rally toward $3,000
- Strong on-chain metrics include $10 billion daily volume and decreasing exchange supply
- Key support established between $1,871-$1,981 with resistance at $2,100-$2,150
- Long positions have increased to 55% of total contracts, suggesting growing bullish sentiment
Ethereum (ETH) is currently trading at $2,054 after reaching a peak of $2,104 on March 25, 2025. The second-largest cryptocurrency has maintained its position above the important $2,000 level despite a recent 3% pullback from its peak.
ETH Price
According to crypto analyst MAXPAIN, Ethereum price could retrace nearly 9% from its recent peak to revisit key support levels. This retracement would create a buying opportunity in the $1,900 area before ETH continues its upward trajectory.
$ETH update:
– TPO looks clean
– Poor Lows at $1927 is good place for long entry
-nPOCs serve as good TP levels but based on reaction pic.twitter.com/GdBYJnAYZ9— MAXPAIN (@Mangyek0) March 25, 2025
The Time Price Opportunity (TPO) chart shows a value area extending from $1,874 to $1,924. Just above this range high rests liquidity formed due to equal lows, which is what the analyst is targeting.
This outlook suggests Ethereum will fully undo its recent 6.5% rally before beginning a new uptrend. So far, ETH has already shed 3% from its $2,104 peak, aligning with the analyst’s prediction.
The CoinGlass Liquidity Heatmap highlights two critical zones to watch. For short sellers, key levels stretch from $2,135 to $2,106, where roughly $450 million worth of liquidity is present. A swift move above this level would cause a forced closing of short positions.
Between $1,980 to $1,833, more than $700 million worth of long positions would be forced to close. This indicates that a move in either direction could cause massive liquidations.
On-chain metrics for Ethereum remain strong despite the short-term bearish outlook. Daily volume exceeds $10 billion, and ETH futures open interest is growing, indicating increased investor participation.
Whale Buying
Institutional investors and whales have been actively buying Ethereum, with recent data showing almost half a million ETH purchases in the last few weeks. ETH supply on exchanges is declining, with over 1.2 million ETH moved off exchanges into staking and private wallets.
This reduction in available supply could create a squeeze that pushes prices higher in the coming weeks. The accumulation range between $1,871 and $1,981 serves as a strong support zone with millions of ETH accumulated in this region by both retail and institutional investors.
The sentiment in the Ethereum derivatives market is turning increasingly bullish. The Ethereum long/short ratio chart shows that long positions have risen to 55% of total contracts in the past four hours.
This brings the long-to-short ratio to 1.2287, reflecting a larger number of bullish positions. The open interest of Ethereum derivatives has increased to $21.75 billion, showing a 3.21% surge, with a positive funding rate of 0.0026%.
Crypto analyst Gert van Lagen has highlighted the potential formation of an inverted head-and-shoulders pattern on the weekly chart. According to the analyst, with Ethereum bouncing off the $1,800-$2,000 support level, the price trend is close to completing this bullish pattern.
$ETH [1W] bounces off the ~$1800-$2000 support range while having formed a complex iH&S structure, targeting ~$18k.
This support level acted as resistance during the 'head' phase. Now price successfully retested it as support.
Now the Left and Right shoulders are well-aligned. pic.twitter.com/909aRoeajD
— Gert van Lagen (@GertvanLagen) March 24, 2025
The short-term recovery could mark the start of the right shoulder, with the neckline positioned near the $4,000 psychological mark. If this pattern completes, it could signal a major bullish reversal.
Meanwhile, analyst Michael van de Poppe identifies a crucial resistance zone between $2,100 and $2,150. A bullish breakout above this supply zone could drive Ethereum to a 30% surge, potentially reaching the $2,800 mark.
I think that $ETH shows a deviation here.
It didn't break any crucial level yet, but it's facing one.
Break through $2,100-2,150 and we'll probably run to $2,800 quite quickly.
DXY fell down substantially, likely we'll see a good Q2. pic.twitter.com/70lbJ9skYo
— Michaël van de Poppe (@CryptoMichNL) March 24, 2025
The growing complexity in Ethereum’s price action over the $2,000 level suggests increased volatility in the coming days. After recently retesting the psychological $2,000 level, a lower price rejection and short-term recovery on the 4-hour chart suggest a potential bounce-back.
On the 4-hour price chart, Ethereum’s price trend shows a reversal rally with a breakout from a consolidation range. ETH marked an upswing near the $2,100 level, crossing above the 100 EMA line.
However, a higher price rejection led to a retest of the 100 EMA line near the $2,000 psychological level. Despite this minor setback, the overall trend remains bullish, with the uptrend maintaining its momentum.
The short-term recovery also increases the likelihood of a positive crossover between the 50 and 100 EMA lines, which would be another bullish signal. The harmonic pattern formation in Ethereum’s price action has traders waiting for a breakout.
As Ethereum’s price shows signs of recovery, institutional investment reported a net-zero flow on March 24. This marks the seventh day of net-zero flow since the inception of Ethereum ETFs in the U.S. market.
Currently, the total net assets held by Ethereum ETFs amount to $7.17 billion, or 2.85% of Ethereum’s market cap. The cumulative net inflow stands at $2.42 billion since the ETFs’ inception.
