Ethereum Holds Near $1,900 Today as a Fresh Sell Signal Emerges

Jakarta, Pintu News – Ethereum has been having a hard time recovering its price lately, mainly due to increased uncertainty in the market. After several unsuccessful rally attempts, Ethereum price is now under pressure from selling activity as well as the presence of crucial demand zones.

Although the demand zone around $1,880 has provided support, this area also makes a price reversal in the near future unclear. So, how will Ethereum price move today?

Ethereum Price Drops 1.51% in 24 Hours

On March 4, 2026, the price of Ethereum was recorded at around $1,974 or the equivalent of IDR 33,485,175, experiencing a 1.51% correction in the last 24 hours. During this period, ETH had touched its lowest level at IDR 32,812,767 and its highest level at IDR 34,075,380.

As of writing, Ethereum’s market capitalization now stands at around IDR 4,032 trillion, with daily trading volume falling 9% to IDR 408.03 trillion in the last 24 hours.

Read also: Bitcoin Holds Steady at $68,000 as Three Catalysts Signal a Potential Bullish Turn

Ethereum Sales Needed

For the first time in more than two months, Ethereum is generating important sell signals, as the Price DAA Divergence metric shows a worrying trend. This metric compares the number ofdaily active addresses (DAA) to the price of Ethereum, giving an idea of investor sentiment.

When DAA starts to fall alongside Ethereum’s price decline, it indicates that network activity is weakening and selling pressure is increasing. The change is reflected by the appearance of red bars, signaling a growing bearish sentiment.

A decrease in DAA indicates that fewer users are interacting with the network, which generally leads to a weakening of the market structure. When DAA and price are both falling, this is often read as a signal that Ethereum’s bullish momentum is on hold and a price drop is likely in the near future.

Selling Pressure Could Trigger a Reversal

Interestingly, while the increased selling pressure on Ethereum looks negative at first, this situation could be the trigger for a much-needed price reversal. The MVRV(Market Value to Realized Value) price band indicates that ETH is approaching a crucial phase.

Historically, MVRV below 0.8 often indicates that altcoins are undervalued, so ETH is likely to experience a bounce.

With Ethereum trading below the Extreme Lows level for roughly 5% of the trading day, MVRV signals are often a precursor to price reversals. However, Ethereum needs more than just market signals-it also needs investor confidence to drive movement.

The current selling pressure may limit the momentum buildup, but conditions are still dynamic. If investors choose to hold positions instead of selling, ETH could potentially rebound in the near future.

Investors Hinder ETH Recovery

The most important support level that Ethereum is currently facing is the demand zone at $1,880. This area is made up of ETH holders who have accumulated around 1.406 million ETH worth over $2.81 billion.

This price range is a crucial level because every time the price drops to this area, the movement is often responded to with a strong bounce. Ethereum’s price has also been repeatedly supported at this level, suggesting that investors may be reluctant to sell below $1,880.

Read also: Meme Coin Price Predictions: Dogecoin, Shiba Inu, and Pepe Signal Bearish at Crucial Levels

If the price of Ethereum drops back down to that demand zone, there is likely to be buying pressure that holds back further declines. However, if selling activity intensifies and Ethereum breaks below $1,880, this situation could trigger a sharper drop.

Such a drop could potentially be the trigger for the reversal Ethereum needs, but it also makes the asset more vulnerable towards lower levels. The balance in this demand zone is a key factor to determine the direction Ethereum will move in the near future.

ETH Price Faces Resistance Ahead

Ethereum was trading at $1,998 and is facing resistance along the March 3 downtrend line. This bearish momentum could pressure Ethereum’s price in the short term, making it difficult for a rally to form. As a result, the price could potentially move limited and the chances of a quick recovery are slim.

With the bearish factors still continuing, there is a possibility of Ethereum dropping towards the $1,902 support area. If this level is broken downwards, the price could resume its decline to potentially test $1,816 or even lower.

Moves like these could be the conditions needed to trigger a reversal for Ethereum to regain its upward momentum.

Conversely, if investor sentiment improves and macroeconomic conditions move more favorably, Ethereum has a chance to break the current downtrend line. An upward movement past the resistance area would bring Ethereum closer to $2,165. If that happens, the current bearish projection becomes invalid and opens up the opportunity for a price rally to form.

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Ethereum Sell Signal: What’s Next for the Price? Accessed on March 4, 2026