Ethereum Revisits Its $2,100 Low as Buyers Recoup

Ethereum (ETH) Current Statistics

The current price: $2,183.90
Market Capitalization: $263,341,906,795.15
Trading Volume: $22,740,467,439.28
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis March 1, 2025

The price of Ethereum (ETH) has dropped further, reaching its previous low of $2,100 as buyers recoup. The altcoin will be returning below the previous low of $2,100 for the third time. The downward trend will reach the psychological price level of $2,000 if the present support is breached. The biggest altcoin is currently trading at $2,152.60, the 2.0 Fibonacci extension price level. 

The biggest altcoin is expected to pause above the $2,100 support if it holds above the current support. The altcoin will be range-bound between the $2,100 support and below the moving average lines. Ether will revisit the 21-day SMA hurdle. The bullish trend will restart if the 21-day SMA is breached above. The bullish momentum will extend above the 50-day SMA.

ETH Technical Indicators Reading

The price bars have fallen to the expected price level after hitting the 21-day SMA barrier. The 50-day and 21-day SMAs are sliding downward toward the bottom of both charts. Strong buying pressure is evident at lower levels as the lengthy candlestick tails are pointing above the $2,100 barrier.

Conclusion 

Ethereum has plunged to the bottom of the chart as buyers recoup. On the 4-hour chart, the altcoin fluctuates above the $2,100 support but below the 21-day SMA barrier or the resistance at $2,300. Ether is falling because it hits the 21-day SMA barrier. Ether has reached the bottom of the chart and may hold above the recent support. The crypto signal is negative as Ether faces further rejection at $2,300.

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