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

Doctor Profit, a crypto analyst on X (formerly Twitter), has published a highly bullish long-term report on the Ethereum price, highlighting why altcoin is the best opportunity in the market today. The analysis emphasizes that Ethereum is set to hit a local bottom and could initiate a strong move upward based on on-chain indicators and technical chart patterns. 

Key Technical Indicators Signal A Major Ethereum Price Rally

In his X post, Doctor Profit emphasized his immense bullishness for Ethereum’s price outlook, sharing an optimistic prediction that is set to take place in the coming months. The analysts have disclosed that Ethereum is currently approaching a local bottom, suggesting a prime buying zone for investors. 

Despite the current bearish state of the market, the analyst announced that Ethereum presents the best opportunity right now. He highlighted that key indicators, such as technical, psychological, and on-chain, can confirm his bullish outlook for the asset.

The first technical indicator mentioned is the 200-week Exponential Moving Average (EMA). Doctor Profit that the 200W EMA has historically been a critical support level for Ethereum. His report points out that ETH has briefly dropped below this level during extreme market conditions and maximum fear scenarios, such as the 2020 COVID-19 crash and the 2022 bear market. 

After each event, Ethereum rebounded quickly, reinforcing the strength of its support before initiating a move towards. According to Doctor Profit, ETH is currently 18% away from reaching the 200W EMA, signaling that the altcoin is getting closer to its local bottom. 

The analyst disclosed that a week ago, Ethereum was only 4% away from this key level. He further emphasized that the risk-reward around the 200W EMA was “outstanding,” with the potential for Ethereum to execute a 200% bull rally toward $8,000 and $10,000. On the flip side, the analyst shares a worst-case scenario where Ethereum sees only a 20% increase. 

The next technical indicator is the Multi-Year Ascending Channel. According to the report, the altcoin has been trading within this long-term ascending channel, with the lower boundary serving as a strong support zone and prime entry-level.

The analyst expects a breakout from this Ascending Channel in the coming months. The Ethereum price targets the $4,000 milestone, which it has previously tested multiple times. A complete breakthrough from the channel could push ETH between $8,000 and $10,000, marking a historic new ATH. 

Other Technical Indicators That Support ETH’s Bullish Outlook

In addition to Moving Averages and channel patterns, Doctor Profit also identified the formation of a weekly Ascending Triangle pattern on the Ethereum price chart. The analyst has described the triangle as a “crazy bullish pattern,” highlighting that ETH has apparently been forming this distinct fractal since 2020. The analyst further highlights that moves from this pattern’s time frame often lead to powerful price expansions, comparing this set-up to the recent explosive rally experienced by XRP. 

Finally, Doctor Profit cited a possible liquidity cluster as support for his bullish outlook for ETH. The analyst revealed that a liquidity zone exists around the $4,000 level, aligning perfectly with both the ascending channel and the ascending triangle. Moreover, the analyst revealed that Market Makers could push ETH through the liquidity cluster, potentially fueling a massive breakout.

Featured image from Adobe Stock, chart from Tradingview.com