Ethereum (ETH) Potentially Green at the End of March 2025, Is it Possible? Here’s the Technical Analysis!

Jakarta, Pintu News – On Monday, Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply- managed to recover support at $2,000, boosted by a market recovery. After reaching a two-week peak of $2,104, an analyst noted that the cryptocurrency could end March positively.

Ethereum Chances for Positive Monthly Close

In the past 24 hours, Ethereum (ETH) surged 6.2% from $1,980 to $2,104. The recovery earlier in the week saw ETH retest the $2,100 resistance for the first time in a week and approach its crucial price range. According to Rekt Capital, recent performance suggests that Ethereum (ETH) is not too far away from turning negative deviation into a negative wick in the monthly time frame.

Ethereum (ETH) briefly fell below the $2,196-$3,900 range on March 9, slipping to $1,750 in the following days, which is the lowest level since November 2023. After retesting the historical demand arena, Ethereum (ETH) now only needs another +5% gain to reclaim its Macro Range.

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Possible Recovery to $2,200

Ali Martinez, an analyst, points out the key support and resistance zones for Ethereum (ETH). The most crucial support zone was between $1,886 and $1,944, where more than 3 million investors bought around 6.12 million ETH. Meanwhile, the biggest resistance was between $2,250 and $2,610, where 12.28 million addresses accumulated 65 million ETH.

If Ethereum (ETH) manages to break this area decisively, it will negate the bearish outlook. Crypto Jelle added that ETH is attempting to reclaim the key $2,200 resistance, which could trigger a “monster deviation” if successful.

Ethereum Future Analysis and Predictions

Ted Pillows, another analyst, suggested that Ethereum’s (ETH) manipulation phase is “almost over”. Earlier, the analyst stated that ETH’s chart showed a Power of Three (Po3) pattern forming, signaling that the cryptocurrency was in a manipulation phase.

According to the analyst, “Break above $2,200 and the expansion phase will begin.” He noted that this breakout is possible because ETH is retesting its multi-year trend support, which has only been tested three times since 2021. The last two times, “they marked the bottom of the cycle,” which could indicate that bleeding Ethereum (ETH) is poised for recovery if it repeats its historical performance.

Conclusion

Currently, Ethereum (ETH) is trading at $2,090, up 4.3% in the daily time frame. With a history of strong performance in the second quarter, the opportunity for further recovery seems wide open for Ethereum (ETH).

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Ethereum to End March in Green, ETH Only 6% Away from Positive Monthly Close. Accessed on March 26, 2025
• Featured Image: CryptoSlate