Ethereum Price has been rumbling around in the past few days, but is below important resistance levels.
Ethereum (ETH) spiked on Saturday and surpassed this month's low of $1,762. At the time of publication, it was trading at approximately 1,940.57.
ETH, the second largest cryptocurrency, remains in the deep bear market after falling more than 53% from its highest level in December.
One reason for the ongoing sale is that investors remain on the sidelines as the crypto and stock markets recede amid Donald Trump's tariffs..
Third-party data shows Wall Street investors continue to sell ether ETFs. According to SosoValue, all Ethereum ETFs have dumped more than $143 million in assets this week, up significantly from the $119 million they lost a week ago.
They lost their assets for the past three consecutive weeks, bringing cumulative net inflows to $2.56 billion. Grayscale's Ethe has more than $2.35 billion in assets, followed by BlackRock's ETHA, which has won $2.1 billion. All Ethereum ETFs have over $6.6 billion, much lower than Bitcoin (BTC) $93 billion.
Additionally, the futures market is sending warnings about Ethereum prices. Data show that linear weekly futures have moved to the recession phase for the first time since August. A setback is a period when futures prices are lower than their current levels.
On the positive side, there are indications that some investors are buying dip. Donald Trump's World Liberty Financial has purchased more ETH over $540,000.
More data from encryption indicates that whales continue to accumulate ETH. As shown below, the balances held by these large investors have bounced back over the past few months.
$ETH Accumulation in Full Swing! 🐋
Whales and market makers know exactly what they’re doing—they don’t play games.
Something big is brewing… Stay focused on the target!#Ethereum #ETH pic.twitter.com/uJmDvXM2Ga
— @CryptoELlTES (@CryptooELITES) March 14, 2025
Ethereum price analysis
Daily charts show that Ethereum prices have stabilized over the past few days. It rose from $1,762 to $1,930 to $1,930.
Ethereum failed to flip through the key psychological points of $3,000 to support. It also features a critical resistance level of $2,115, lowest swing in August, and triple top point neckline of $4,000.
Ethereum formed a cross-pattern of death as the 50-day and 200-day moving averages crossed each other. It also forms a bearish pennant pattern, pointing to the downsides that follow. This bearish view is confirmed to be below the minimum of $1,762 this month.
