Ethereum Pauses as It Approaches Bearish Exhaustion

Ethereum (ETH) Current Statistics

The current price: $2,009.13
Market Capitalization: $242,330,417,053.06
Trading Volume: $12,665,585,524.49
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis March 27, 2025

The Ethereum (ETH) price has ended its selling pressure as it approaches exhaustion. For the past two weeks, the biggest altcoin has been trading above the $1,750 support but below the $2.200 barrier. Although buyers were able to break past the 21-day SMA, they were unable to maintain their bullish momentum above the $2,000 level.

Ether is compelled to drop below the most recent high in a range-bound manner. Ether has retraced and found support above the 21-day SMA on the downside. If the 21-day SMA support holds, the largest altcoin will surpass the $2,000 barrier and rise above the moving average lines.

The bullish trend will continue until it reaches the $2,800 high. The selling pressure will start if Ether drops and falls below the 21-day SMA. Ether will decline to the $1,750 and $1,550 lows.

ETH Technical Indicators Reading

Ether corrected upward on the daily chart after surpassing the 21-day SMA resistance. The coin price is currently located between the moving average’s lines. When the 50-day SMA resistance or the 21-day SMA support is breached, Either will begin to trend. A downward trend is shown by the price bars on the weekly chart being below the moving average lines.

Conclusion

Ethereum is trading in a range as it approaches bearish exhaustion. Ether will start moving higher once it overcomes the $2,000 barrier. Ether is probably going to drop significantly more, though, if the bears manage to breach the $1.750 support. Nevertheless, the crypto signal is range-bound even though Ether is still above the $1,750 support.

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