Fun

Ethereum Fails To Break $2,100 Resistance – Growing Downside Risk?

News Feed - 2025-03-28 11:03:37

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Ethereum has lost its grip on the key $2,000 level, reigniting fears of a deeper correction as selling pressure returns to the market. Since March 19, ETH has managed to hold above $1,930, but recent weakness has pushed the price dangerously close to breaking below the $1,900 mark. The drop has added fuel to bearish speculation, with traders and analysts now questioning whether a larger pullback is underway. Related Reading Avalanche 12-Hour TD Sequential Flashes Sell Signal After Nailing 50% Rally – Details 21 hours ago


The inability to hold above psychological support levels has weighed heavily on sentiment, especially as broader market volatility continues to grow. Top analyst Carl Runefelt shared his outlook on Ethereum’s current structure, noting that the asset has repeatedly failed to overcome resistance at $2,100 — a level that now acts as a firm ceiling for bullish momentum. According to Runefelt, this repeated rejection suggests Ethereum could be in serious trouble if buyers don’t step in soon.


With momentum fading and no clear catalyst in sight, Ethereum risks slipping further if $1,900 fails to hold. Traders are watching closely for signs of a reversal, but for now, the path of least resistance appears to be downward. ETH must regain lost levels quickly to avoid confirming a broader bearish trend. Bulls Face Key Test As Resistance Weighs on Price Action


Ethereum is under pressure as the broader crypto market faces one of its most crucial tests in months. With macroeconomic uncertainty mounting and fears of a potential recession in the United States, risk assets across the board are struggling to gain traction — and Ethereum is no exception. The current market environment remains hostile, with inflation concerns, unstable monetary policy, and global trade tensions shaking investor confidence.


ETH’s price action has been particularly underwhelming. Despite widespread expectations that Ethereum would lead a strong rally in early 2025, the asset has failed to meet bullish projections. Instead of gaining ground, ETH has stalled and is now struggling to hold support levels amid growing selling pressure.


Runefelt’s bearish outlook suggests that Ethereum has repeatedly failed to break through the $2,100 resistance level. According to Runefelt, this resistance zone is critical — and Ethereum’s inability to overcome it could be a sign of deeper weakness ahead. He warns that if Bitcoin experiences a breakdown, Ethereum could follow and potentially retest the wick near $1,750, which marked a local low during a previous correction. Ethereum is facing selling pressure below $2,100 | Source:Carl Runefelt on X


With momentum fading and no clear bullish catalyst in sight, Ethereum’s price structure remains fragile. Unless bulls reclaim key levels soon, ETH could face a deeper retrace, especially if broader market sentiment continues to deteriorate.


Traders are closely watching Bitcoin and macroeconomic developments for cues, knowing that a decisive move in either direction could shape Ethereum’s next major trend. For now, the pressure is on — and Ethereum’s resilience is about to be tested. Related Reading XRP Open Interest Has Surged 36% In Two Weeks – Is Momentum Building? 1 day ago ETH Bulls Struggle to Hold Key Support


Ethereum (ETH) is currently trading at $1,910 after failing to hold above the critical $2,000 level, a psychological and technical barrier that has now flipped into resistance. The breakdown has weakened short-term momentum and left bulls in a defensive position as selling pressure continues to mount. ETH trading below $2,000 | Source: ETHUSDT chart on TradingView


At this stage, the $1,880 level has emerged as a key support zone that bulls must defend to avoid a deeper correction. Holding this level could allow for a consolidation phase and give Ethereum a chance to stabilize before attempting another push higher. However, if ETH loses $1,880, it could spark a wave of aggressive selling, triggering a continuation of the current downtrend and potentially pushing the price toward the $1,750 range. Related Reading Ethereum Reclaims Realized Price – Bulls Face Strong Resistance At $2,300 2 days ago


To regain control of the trend, bulls must reclaim the $2,000 mark as soon as possible. A decisive move back above this level would signal renewed strength and could open the door for a rebound toward higher resistance zones. Until then, Ethereum remains in a fragile position, with the risk of further downside growing as macroeconomic pressure and technical weakness continue to weigh on price action.


Featured image from Dall-E, chart from TradingView 

News Feed

Unofficial GameStop memecoin surpasses $100M in market cap
Zhiyuan Sun8 hours agoUnofficial GameStop memecoin surpasses $100M in market capThe Solana memecoin has soared more than 2,000% in the past week following the surge in GameStop’s stock.3471 Total views5 Total sharesLis
Bitcoin surges after crypto ETPs notch record $2.7B weekly inflows
Tom Mitchelhill3 hours agoBitcoin surges after crypto ETPs notch record $2.7B weekly inflowsThe price of Bitcoin has pushed to reach new all-time highs above $72,000, spurred by record-breaking weekly inflows into crypto
NBA Extends Partnership With Meta to Bring Basketball Games to the Metaverse
NBA Extends Partnership With Meta to Bring Basketball Games to the Metaverse The NBA has extended its current partnership with Meta to broadcast its games to the metaverse. The com
FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags
FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags Following the collapse of FTX and the exchange filing bankruptcy on N
Mexico’s Third Richest Billionaire Says Buy Bitcoin, Forget About Selling, You’ll Thank Me Later
Mexico"s Third Richest Billionaire Says Buy Bitcoin, Forget About Selling, You"ll Thank Me Later The third-richest billionaire in Mexico, Ricardo Salinas Pliego, advises to buy bit
The Battle for the $2 Billion Venezuelan Gold Stash Continues, London Rules in Favor of Opposition Leader Guaido
The Battle for the $2 Billion Venezuelan Gold Stash Continues, London Rules in Favor of Opposition Leader Guaido Her Majesty’s High Court of Justice in England has determine
President of Argentina Open to Adopting Cryptocurrencies as Legal Tender
President of Argentina Open to Adopting Cryptocurrencies as Legal Tender Alberto Fernandez, the president of Argentina, stated he is open to the adoption of cryp
Jesse Coghlan7 hours agoPro-Bitcoin Javier Milei trails as Argentina’s presidential election goes to run-offAnti-establishment Javier Milei was the touted favorite in Argentina’s presidential election but is trailing
Anti-crypto SEC commissioner’s term is up in 41 days — Will she be replaced?
Turner Wright1 hour agoAnti-crypto SEC commissioner’s term is up in 41 days — Will she be replaced?Caroline Crenshaw may continue to serve at the SEC for an additional 18 months after her term ends in June if the Whi
Helen Partz9 hours agoFTX hacker moves $120M amid Sam Bankman-Fried trial: ReportBlockchain analytics firm Elliptic didn’t rule out the possibility of the $477 million hack being an FTX inside job.3240 Total views14 To
Nobel Laureate Ben Bernanke Blasts Cryptocurrencies, Says Tokens ‘Have Not Been Shown to Have Any Economic Value at All’
Nobel Laureate Ben Bernanke Blasts Cryptocurrencies, Says Tokens "Have Not Been Shown to Have Any Economic Value at All" Ben Bernanke, former chairman of the Federal Reserve and al
Bank of America’s Active Crypto Users Drop More Than 50% in Bear Market
Bank of America"s Active Crypto Users Drop More Than 50% in Bear Market Bank of America has revealed that the number of its customers who are active crypto users has declined more