TLDR
- After a lengthy downturn, Ethereum's price has bounced back, hitting around $2,032 and showing promise of a comeback.
- For Ethereum to make significant strides, it needs to smash through resistance zones at $2,020, $2,040, and $2,150, potentially paving the way to $2,800 or even higher to $4,000.
- Institutional investors are diving into Ethereum; the number of significant wallets has grown from 70,000 to over 75,000 in less than two weeks in March.
- Heavyweights like Fidelity and BlackRock are recognizing Ethereum's potential in tokenization, with BlackRock's holdings surpassing the $1 billion mark.
- Technical signals are pointing to a potential impressive upward move for Ethereum, with a target of $3,400 if support above $2,000 is maintained.
Ethereum is shaking off the bearish blues, finally stabilizing above $2,000 after months of price drops, signaling what could be a major momentum shift.
Ethereum, resembling Bitcoin's recent movements, is on the recovery path, setting a base at $1,820 and subsequently clearing hurdles up to $1,950.
Now stationed around $2,032, Ethereum is testing the waters at the $2,020 zone, with short-term support developing around $1,980.
The $2,040 mark represents a pivotal challenge for Ethereum, with potential for reaching towards $2,120 if crossed.
A successful leap beyond $2,120 might see Ethereum climbing to $2,150 or even up to $2,250, but failing this could lead to another dip.
Ethereum's first line of defense on the downside rests around $1,980, while more substantial supports are set at $1,950, $1,880, $1,850, and $1,800.
Even amid price struggles, big investors keep snapping up Ethereum, with over 5,000 wallets increasing their holdings within two weeks in March.
According to a Nansen analyst, large-scale holders are boosting their Ethereum positions, contrasting with the downward trend among smaller investors.
On March 21, Ethereum's futures open interest hit new heights, indicating large traders are gearing up for a potential push beyond $2,400.
Technical Analysis
Indicators hint at Ethereum potentially staging a major comeback, as it hugs the crucial $2,000 level with history suggesting a big surge could be on the horizon.
In past cycles, rebounds from the current support levels have led to massive gains. If support holds, expansion to $3,400 by June is within reach.
#Etherum $ETH Ethereum needs to regain and hold above the crucial $2,150 point to escape bearish tendencies, otherwise prices might again descend.
Retrieving a strong hold could propel Ethereum dramatically towards $2,800 and even $4,000, but it must first achieve this feat, or $1,539 could be in its sights next. $ethusd #ethusdt #Altcoins pic.twitter.com/9VAyYw9WAN
— Crypto Feras (@CryptoFeras) March 24, 2025
Big financial players are leaning into Ethereum's blockchain. Fidelity's seeking regulatory approval for a tokenized dollar fund version, showing blockchain's growing appeal. on Ethereum.
The $5.8 trillion manager aims to track its treasury fund on-chain, expecting regulatory go-ahead by May 30 for this tokenized class.
Dominating asset tokenization, Ethereum boasts over $3.3 billion in hosted assets, dwarfing runner-up Stellar's $465.6 million tally.
BlackRock’s increasing Ethereum Ethereum's asset manager bet reflects rising confidence, increasing Ether holdings from $990 million to nearly $1.145 billion in a week.
Analysts argue Ethereum needs to reassert itself above $2,200 to reverse the recent downward trend; hitting the $2,196-$3,900 range could be crucial.
While short-term fluctuations persist, Ethereum's long-term prospects look bright, with VanEck projecting a $6,000 valuation by 2025.
To maintain its upward march, Ethereum needs to surmount the $2,020 and $2,040 resistance marks, which could pave the way toward higher grounds.
