Ethereum’s attempt to regain bullish momentum has hit a roadblock, as the price failed to break through the crucial $2,160 resistance level. After showing signs of recovery, ETH faced strong selling pressure at this key level, preventing a sustained breakout and disappointing bullish traders who were hoping for further upside.

Its inability to push past this resistance suggests that bears are still in control, keeping Ethereum’s price under pressure. With the momentum fading and the market sentiment turning cautious, traders are now closely watching key support zones to determine the next move.

Bearish Pressure Mounts: What’s Next For Ethereum?

Ethereum is facing increasing downside pressure as its latest recovery attempt was rejected at the $2,160 resistance level. The failed breakout has reinforced bearish sentiment, with key technical indicators signaling weakness. If buyers fail to step in, ETH could be at risk of deeper declines in the near term.

Related Reading

One of the major warning signs is weak volume during the recovery attempt. A strong breakout typically requires significant buying interest, but Ethereum’s rally lacked momentum, making it easier for sellers to regain control. This lack of conviction from bulls suggests that the upside move was not sustainable, allowing bears to push prices lower.

Additionally, the Relative Strength Index (RSI) has broken down, moving below key thresholds that indicate weakening bullish strength. The current declining RSI shows that buying pressure is fading, making it difficult for Ethereum to build upward momentum. If the RSI continues trending downward, it could further confirm a prolonged bearish phase.

The  Moving Average Convergence Divergence (MACD) has also turned negative, with a breakdown below the signal line and a widening gap between the MACD and its moving average. This crossover indicates that bearish momentum is accelerating, reducing the chances of an immediate recovery. When combined with other bearish signals, the MACD breakdown further supports the case for a continued downside.

Looking ahead, ETH may retest key support zones. However, a strong bounce from lower levels could offer bulls another chance to regain lost ground. For now, the charts suggest that Ethereum remains vulnerable to further declines.

Support Levels To Watch: Can Bulls Prevent Further Decline?

With attention now turning to key support levels, the first major support to watch is around $1,523, a level that previously acted as a short-term demand zone. If Ethereum holds above this area, it might provide bulls with a foundation for another rebound attempt. However, a break below this level could signal growing bearish dominance, increasing the risk of deeper losses.

Related Reading

Below $1,523, the next key support lies at $902, aligning with previous price reactions and acting as a psychological level for traders. A failure to hold here may accelerate selling pressure, pushing ETH toward other support below.

Featured image from iStock, chart from Tradingview.com

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

Ethereum has once again fallen below the $2,000 mark, a psychological level it had briefly reclaimed earlier this week. The market-wide correction over the past 24 hours has weighed on Ethereum’s recovery momentum, and the leading altcoin has seen a dip in sentiment that could lead to a deeper decline or a sharp mid-term rebound. 

Short-term sentiment is cautious, but a new analysis from a well-followed crypto analyst has brought attention to a significant technical event that opens up a bullish perspective for the Ethereum price.

Ethereum Hits 300-Week Moving Average Again: What Happened The Last Time?

Taking to social media platform X, crypto analyst CryptoBullet pointed out that Ethereum has now touched the 300-week moving average for only the second time in its history. The first instance was in June 2022, during the market-wide crash that saw the Ethereum price plummet to as low as $880 before beginning a long, slow recovery.

Related Reading

The second occurrence has come this month, March 2025, just as Ethereum continues to extend its struggles in gaining a footing above $2,000. With Ethereum touching the 300-week moving average again, we can only look back to see what happened last time to get a perspective of what to expect now.

In June 2022, Ethereum’s touch of the 300-week moving average marked the beginning of a long-term recovery phase. After the bounce from that level, the Ethereum price surged more than 140% over the next eight weeks, eventually pushing above $2,100 in August 2022 before another correction.

Mid-Term Rebound In Focus For ETH, But Resistance Ahead

CryptoBullet noted the significance of this moving average, framing it as a key historical support zone. The analyst argued that regardless of bearish sentiment in the short term, this kind of macro-level support typically sets the stage for a meaningful bounce. 

Related Reading

“Even if you’re a bear, you can’t deny that we hit a very important support level,” he wrote, adding that his price target for the coming bounce is between $2,900 and $3,200. Nonetheless, the bounce will depend on how the Ethereum price reacts to the level, as a continued downside move would cancel out any bullish momentum.

For now, Ethereum’s price is trapped under bearish sentiment, and bulls will need to reclaim the $2,000 zone before any sustainable bounce toward the $2,900 and $3,200 range can begin to materialize. Furthermore, the recent price correction in the past 24 hours increases the risks of the Ethereum price closing March below the 3M Bollinger bands, which is currently just around $2,000. A close below the 3M Bollinger bands could spell trouble for the leading altcoin.

However, if CryptoBullet’s analysis proves to be accurate, Ethereum may soon enter a period of stronger price action that plays out over the coming weeks. At the time of writing, Ethereum is trading at $1,907, down by 5.82% in the past 24 hours.

Featured image from Unsplash, chart from Tradingview.com