Ethereum is trading below the $2,300 mark after failing to hold key demand levels last week. The price has faced intense selling pressure, fueling concerns among investors that ETH may not see a strong bull market ahead. Market sentiment remains uncertain as Ethereum struggles to reclaim lost ground, with analysts divided on whether the correction will continue or if a recovery is on the horizon.

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A technical perspective suggests that ETH may still have a chance to bounce back. Crypto analyst Ali Martinez shared an analysis on X, noting that if Ethereum holds above the $2,200 level, it could set up for a rebound toward $2,500. Martinez highlights that Ethereum is trading near a crucial support level, which historically has triggered strong upward moves.

Bulls must defend the $2,200 mark to prevent further declines, while reclaiming $2,500 would signal strength and a potential trend reversal. However, continued weakness could lead to another wave of selling pressure, pushing ETH even lower. Investors remain cautious as they await confirmation of Ethereum’s next move in this volatile market.

Ethereum Faces A Critical Test

Ethereum has been struggling under heavy selling pressure and negative sentiment, leading to extreme speculative activity favoring bearish futures positions. The uncertainty surrounding ETH’s price action has fueled doubts about its ability to recover in the short term.

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Since late December, Ethereum has lost 49% of its value, and investor sentiment remains in despair as the price fails to reclaim key resistance levels. Many traders have started to position themselves for further downside, reinforcing the bearish outlook in the market.

However, some analysts still believe that Ethereum could soon stage a rapid recovery. Ethereum is approaching a critical inflection point where a decisive move could determine the asset’s next trend.

This perspective aligns with the few optimistic analysts who argue that Ethereum’s rally, when it starts, will be aggressive. Historically, ETH has exhibited sharp rebounds following prolonged periods of downside pressure, and if the broader market conditions improve, the same could happen again. For now, investors remain cautious, closely watching Ethereum’s ability to defend the $2,200 support level and looking for signs of renewed strength.

Price Struggles Below $2,500

Ethereum is trading at $2,222 after struggling for days to reclaim higher prices. The price has been under intense selling pressure, and investor sentiment remains bearish as ETH fails to establish a strong support zone. ETH bulls lost control last Monday when the price started to decline rapidly, leading to a sharp 26% correction in less than five days. This sell-off wiped out key support levels, leaving Ethereum in a vulnerable position.

For Ethereum to regain momentum, bulls must push the price above the $2,500 level. Reclaiming this mark would signal strength and potentially trigger a recovery rally. However, without a strong push from buyers, ETH could remain stuck in a slow consolidation phase below $2,500. This would likely lead to prolonged indecision in the market, making it difficult for traders to establish clear positions.

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If ETH fails to reclaim $2,500 soon, the market could see continued weakness, with sellers dominating price action. On the other hand, if Ethereum manages to hold above the $2,200 mark and build support, the possibility of a strong rebound remains on the table. The next few days will be crucial as investors watch for signs of a potential trend reversal or further downside movement.

Featured image from Dall-E, chart from TradingView

In a significant development for one of crypto’s largest non-profits, the Ethereum Foundation (EF) has revealed a new leadership structure consisting of two co-directors. This move comes after backlash from community members on the recent struggles and issues of the ETH ecosystem.

EF Introduces Two Executive Directors

On Saturday, March 1, the Ethereum Foundation unveiled its new leadership structure consisting of two co-executive directors — Hsiao-Wei Wang and Tomasz Stańczak. This new structure will come into place following the changes that saw former executive director Aya Miyaguchi take up the role of the organization’s president.

Wang, a core researcher at the EF, has experience in several research areas and was a major contributor to the Ethereum beacon chain — launched in December 2020. “Just as Ethereum continues to evolve, so does the EF—but the core values we have upheld for years remain unchanged,” Wang said in reaction to her appointment with a post on social media platform X.

Stańczak is the founder of Nethermind, one of the largest execution clients on the Ethereum blockchain. According to the announcement blog post, the crypto founder will be looking to replicate Nethermind’s effective talent recruitment and training pipeline at the Foundation.

Source: @tkstanczak/X

The announcement blog post read:

Under the leadership of Hsiao-Wei and Tomasz, EF is going to ensure that Ethereum and the ecosystem can grow while at the same time making sure that this growth advances the core values that motivated Ethereum’s existence in the first place, such as open source, permissionless global collaboration, privacy and security.

Wang and Stańczak will resume their new roles as co-executive directors of the Foundation on March 17, 2025. It is worth noting that Stańczak will “continue to be involved in Nethermind, but is in the process of transitioning out of his CEO position.”

Danny Ryan Returns To Ethereum Ecosystem

Wang is not the only EF researcher that will be assuming a higher role in the ecosystem. Former developer Danny Ryan will now return as co-founder of Etherealize, which will serve as the institutional marketing and product arm for the Ethereum ecosystem. The leadership position at Etherealize will be shared with Vivek Raman.

Ryan said in a post on X:

Our work at [Etherealize] sits at the confluence of real adoption, commonsense regulation, ecosystem development, and critical R&D across L1, L2, and the application layer. Where [Vivek] serves as a bridge from the real world into Ethereum, I’ll serve as a bridge from Ethereum back into the real world.

As of this writing, the Ether token is valued at $2,212, reflecting a 20% price decline in the past seven days.

The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

Featured image from iStock, chart from TradingView

Ethereum is trading below the $2,700 mark after days of struggling to reclaim this level and push above $2,800. The market has been dealing with strong selling pressure, and Friday’s shocking news of Bybit’s $1.4 billion ETH hack added more uncertainty. This attack was a major event, marking the largest crypto hack in history, triggering a wave of fear that sent Ethereum into lower demand levels. Investors remain cautious as the market assesses the long-term impact of the breach on sentiment and liquidity.

Despite the initial panic, there are signs of recovery. Key metrics from CryptoQuant reveal that Bybit’s ETH reserves are slowly recovering. The exchange has experienced positive net flows of 139,000 ETH since the hack, suggesting that confidence is gradually returning. This indicates that Bybit has managed to stabilize its platform, alleviating fears of a prolonged crisis.

With Ethereum still trading at critical levels, the market is closely watching whether it can reclaim key resistance zones or face further downside. The next few days will be crucial in determining ETH’s short-term direction as buyers attempt to regain control amid lingering uncertainty from the hack.

Ethereum Price Holding Amid Bybit Hack

Ethereum has been struggling as investors grow tired of the massive selling pressure and ongoing negativity surrounding the second-largest cryptocurrency. Since late December, ETH’s price has been on a downward trajectory, with no clear signs of a sustained recovery. Sentiment remains bearish as Ethereum continues to trade below key resistance levels, failing to gain momentum for a bullish breakout.

Adding to this uncertainty, the Bybit ETH hack on Friday further rattled the market. The attack resulted in over $1.4 billion in ETH being stolen from the exchange, making it the largest crypto hack in history. This event fueled additional selling pressure as panic briefly spread across the market. However, Bybit’s rapid response helped contain the situation and prevent a broader selloff.

Key data shared by CryptoQuant’s Head of Research, Julio Moreno, reveals that Bybit’s ETH reserves are slowly recovering. The exchange has seen positive net flows of 139,000 ETH since the hack, a sign that confidence is gradually returning. This is a positive indicator, suggesting that despite unexpected setbacks, the industry remains resilient.

While Ethereum still faces key resistance levels, the recovery of Bybit’s reserves signals that investors are regaining trust. The next few days will be crucial in determining whether ETH can break out of its bearish trend or continue its struggle.

Technical Analysis: Key Liquidity Levels

Ethereum is trading at $2,750 after days of struggling below the $2,800 resistance level while maintaining support above $2,600. Indecision has dominated price action for over two weeks, leaving investors uncertain about the next move. The prolonged consolidation suggests that ETH is building momentum for a significant breakout in either direction.

If bulls can reclaim the $2,800 level in the coming days, Ethereum could push toward the $3,000 mark, which serves as both a psychological and technical resistance. A breakout above this level would confirm a bullish reversal and set the stage for a massive rally into higher supply zones. On the other hand, failing to reclaim $2,800 and losing the $2,600 support could trigger another round of selling pressure, potentially sending ETH into lower demand levels.

Market sentiment remains divided, with some analysts expecting Ethereum to follow Bitcoin’s lead into new highs, while others anticipate further downside if the overall crypto market weakens. As volatility continues to decrease, traders are watching closely for any signs of an imminent breakout. The next major move will likely determine the short-term direction of Ethereum and set the tone for its performance in the coming weeks.

Featured image from Dall-E, chart from TradingView