TLDR
- Ethereum's price stands at $2,062.2, witnessing a slight dip of 0.35% on March 26.
- Technical experts are looking at Ethereum reaching between $10,000 to potentially as high as $20,000.
- The ETH market shows a promising upward trend with increased highs and lows, while facing resistance at $2,100 and $2,166.
- Outflows from the spot Ethereum ETF have been decreasing since February, hinting at possible inflows soon.
- Ethereum faced a tough Q1 in 2024, dropping by 43%, starkly contrasted by Bitcoin's rise of 23%.
As of March 26, ETH is trading at $2,062.20, reflecting a minor 0.35% drop over the past day. Despite this, analysts are identifying patterns that suggest Ethereum could be poised for a significant upswing.
Recent price movements in ETH have primarily seen fluctuations in line with Bitcoin's market stability. It hit a daily peak of $2,083.30 before settling back down.
Several analysts are spotting recurring fractal patterns in Ethereum's price that could indicate future five-digit prices. Some liken this to earlier instances in 2017, 2018, and 2020 that saw sharp increases.
Should the past repeat, Ethereum might climb to near $11,000. Additionally, one analyst points to a declining broadening wedge pattern aiming at an ambitious $20,000 mark.
Ethereum's daily charts exhibit a series of higher peaks and troughs, reflecting attempts by buyers to push back against the downward trend. Resistance must turn to support at $2,100 and $2,166 for a confirmed bull run.
If Ether successfully turns these hurdles into stepping stones, potential gains could aim for marks at $2,600, $2,770, and even $3,000. The overall uptrend persists as long as Ethereum doesn't dip below $1,934.
Backed by CME gaps at $2,623, $2,888, $3,237, and $3,930 paired with Bitcoin's overall positive sentiment, Ethereum might touch $4,000 by April.
Yet, a dip below $2,134 would highlight prevailing selling forces, possibly revisiting the $1,756 level and even plummet to $1,500.
Ethereum has crafted a strong Inverse Head and Shoulder formation on the weekly chart. This classic upward reversal pattern usually indicates a downturn is ending, giving way to a new rally.
Market Analysis
Cryptocurrency analyst Gert van Lagen believes this pattern might take ETH to the $18,000 range. With the left shoulder forming from 2021 to 2022, the 'head' took shape between 2022 and 2023.
$ETH [1W] bounces off the $1800-$2000 support range while having formed a complex iH&S structure, targeting $18k.
During this pattern's 'head' phase, the previous resistance now acts as support.
The shoulders are now aligned well. pic.twitter.com/909aRoeajD
— Gert van Lagen (@GertvanLagen) March 24, 2025
By 2024, with the right shoulder's development and a higher low matching the left shoulder, the focus is on the neckline near $3,978, setting a major resistance stage.
Breaking this resistance with robust volume could validate the pattern, paving the path to $18,000. Otherwise, it may consolidate or drop to $1,888 before another attempt.
In light of promising indicators, Ethereum nevertheless had a tough beginning to 2024, marking it as one of the roughest first quarters in its history with a 43% downturn. Ethereum This decline starkly contrasts with Bitcoin’s 23% rise and a staggering 279% surge by XRP during the same timeframe. Market watcher Lark Davis pointed out that Ethereum’s Q1 decline nears its worst-ever quarterly drop of 46% seen in early 2018.
Ethereum has experienced one of the most challenging first quarters it's ever had.
$ETH Will Q2 see Ethereum make a powerful comeback?
Historically since 2016, Ethereum tends to bounce back robustly in Q2 with an average 66% rise. If past trends hold, ETH might reach $3,200 in the upcoming months, a height unseen since early February this year. pic.twitter.com/Rc8waqA1TY
— Lark Davis (@TheCryptoLark) March 25, 2025
Around $701 million worth of short positions face liquidation should Ethereum's price touch $2,114, per CoinGlass data. Such forced buybacks might amplify the buying momentum for Ethereum.
Since February 26, withdrawals from spot Ethereum ETFs have dwindled down to none as of Monday. If this change persists, there may be positive inflows ahead, further supporting Ethereum’s prospects. Ethereum’s To maintain a sustainable recovery in the short term, Ethereum needs to clear crucial resistance levels. While it has reclaimed its realized price of $2,040, the $2,300 area poses the next sizable challenge.
Maisie, a seasoned journalist in crypto and finance, has contributed to Moneycheck.com, level-up-casino-app.com, Computing.net, and serves as the Editor in Chief at Blockfresh.com.
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