- Ethereum struggles at $1.9,000 and faces bearish signals across multiple time frames.
- The accumulation of whales and increased trading volumes show hidden strength despite the bearish chart.
- Strong support, nearly $1,900, could prevent further declines and drive potential rebounds.
Ethereum – ETH, still under pressure. Prices have recently dropped to $1.9,000, breaking a key trend line. The bear continues to dominate the charts monthly and bimodal for three weeks. Major candles will be closed in eight days, increasing uncertainty. Despite this weakness, strong chain activity suggests resilience. Whales are accumulating, and trading volumes are rising rapidly. The battle between technical weakness and investor trust keeps the market tense.
. $ eth update
Reduced to $1.9k.
3W remained bearish and broke the macro trend line.
Monthly weakness
Two-bone weakness
3m will close in 8 days. I don’t like this tbh.A little up in front of the mount side.
$1.5K is where I look to decision-making time!
. https://t.co/h3weplhdi5 pic.twitter.com/jwzoxhyohs-March 23, 2025
Whale shows confidence as a surge in trading activity
Ethereum managed to regain $2,000, informing him of his hidden strength. Trading volume rose 60.6% to $10.89 billion. Open interest on futures rose 6.66% to $216.1 billion. Traders are still active despite bearish techniques that suggest they are paying attention. Crypto analyst Ali Martinez reported a surge in whale accumulation. Large investors purchased 470,000 ETH in just a week.
This aggressive purchase shows confidence in long-term growth. Engine players continue to stack Ethereum to prevent deeper price drops. Whale activity often serves as a key indicator. Smart money moves before trends become clear. This level of accumulation suggests that large investors are seeing long-term potential, even when the chart shows weakness.
Ethereum’s support zone is strong
The main accumulation zone was formed between $1,886 and $1,944. Over 3 million investors have 6.12 million ETH in this price range. This level is now a major support zone, making it difficult for bears to lower prices.
Market analysts hope to see Ethereum exceed $2,000 for a while before it makes a decisive move. Breakouts can take some time, but signs of bullishness remain. Traders also look closely at the ETH/BTC pair. The inverted chart reveals a potential Adam & Eve pattern. If confirmed, Ethereum can target 0.0019 BTC per ETH.
The bear remains in control, but the strong hands refuse to retreat. With three months approaching, Ethereum is at a critical turning point. The battle between buyers and sellers intensifies and sets the stage for the next big move.
