Ethereum Falls to $1,900 Today (March 28) — Is a Major Investor Comeback on the Horizon?

Jakarta, Pintu News – Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply- is slowly but surely trying to recover from the 33% price drop that occurred in late February. This latest recovery is largely driven by investor confidence, with many of them starting to accumulate ETH at currently low price levels.

These investors are hoping for future price increases, with the aim of profiting from Ethereum’s growth potential.

Ethereum Price Drops 1.53% in 24 Hours

As of March 28, 2025, Ethereum (ETH) was trading at approximately $1,996, or around IDR 33,202,526 — marking a 1.53% drop over the past 24 hours. Within that time frame, ETH reached a high of IDR 33,829,255 and dipped to a low of IDR 33,067,731, reflecting a period of mild volatility in the market.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $240.85 billion, with daily trading volume falling 12% to $11.59 billion in the last 24 hours.

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Investors Rally Behind Ethereum”

Reporting from BeInCrypto (3/27), the supply of Ethereum on exchanges decreased by 635,000 ETH in the last six days, with a value of more than $1.28 billion.

This decrease in supply reflects a strong accumulation phase by investors who bought ETH when prices were at low levels. These buyers are betting on a potential price increase in the future, which is fueling optimism about Ethereum.

The rapid uptake of Ethereum supply on exchanges shows investors’ confidence in the price recovery potential.

As these accumulated ETH holders choose to HODL, the reduced supply available could put upward pressure on the price.

Ethereum’s macro momentum is also reinforced by the Liveliness indicator, which monitors the activity of Long-Term Holders (LTHs).

This indicator has just hit a monthly low, signaling that LTHs are accumulating and holding their ETH. This shift in behavior shows the confidence of Ethereum’s major holders in the altcoin’s future performance.

The growing support from long-term holders and their accumulation activity signals confidence in Ethereum’s long-term value. As more ETH is locked up by these holders, there is less supply in circulation, which in turn can push up the price.

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Is ETH Price Ready to Breakout?

Having traded around $2,025 on March 27, 2025, Ethereum price managed to reclaim the $2,000 level as a support area on the daily chart. However, ETH still hasn’t managed to break the important resistance at $2,141, which is key in strengthening its recovery efforts.

If it manages to cross this boundary, Ethereum will confirm its upward momentum and open up opportunities for further gains in the next few days.

Furthermore, if Ethereum is able to make the $2,141 level the new support, then this altcoin has the potential to recover the 33% drop that occurred in late February.

A sustained breakout above this resistance could push ETH towards the $2,344 level, helping to recover previous losses and resume the bullish trend. This would signal renewed confidence in the outlook for the Ethereum market.

However, if the bullish momentum fails to build and Ethereum struggles to cross the $2,141 resistance, the altcoin could experience a correction. Failure to break the level will likely push the price back down below $2,000, with the potential to test the support level at $1,862.

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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Ethereum Price Recovery Bolstered by $1.28 Billion Accumulation This Week. Accessed on March 28, 2025