Ethereum Falls Below the Psychological Price of $2,000

Ethereum (ETH) Current Statistics

The current price: $1,863.24
Market Capitalization: $224,864,050,956.22
Trading Volume: $37,442,361,469.97
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis March 10, 2025

Ethereum’s (ETH) price has lost the $2,000 psychological price level. The barrier near $2,300 has held back the upward advances since March 3. Ether is, in other words, a range bound between the $2,000 support and below the $2,300 resistance. Ether is currently falling as a result of rejection at the most recent peak. On the downside, the bearish momentum will continue to the previous low of $1,750 if it breaks through the $2,000 support.

However, Ether will have to stay above the $2,000 support and below the moving average lines if the $2,000 psychological price level holds. Ether has provided $2,000 in theoretical support in the interim. Ether is worth $1,950 at the time of writing.

ETH Technical Indicators Reading

The price bars are situated beneath the horizontal moving average lines on the weekly chart. The moving average lines on the 4-hour chart are sloping downward. The first obstacles to the price bars are the moving average lines. As the moving average lines reject it, Ether keeps losing ground.

Conclusion 

Ethereum is under fresh selling pressure as it loses the $2,000 psychological price level. The price of cryptocurrencies is going through a sequence of lower highs and lows. Ether has dropped below the $2,000 key support level. As it gets closer to the chart’s bottom, the cryptocurrency price is circling above the $1,900 support. The crypto signal is negative as it revisits the $1,750 low.

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