Ethereum has faced intense selling pressure over the past few weeks, with its price falling below the $2,000 threshold. This intense run of declines saw the cryptocurrency reach a low of $1,750 on March 11, marking its lowest point since November 2023. However, despite this steep drop, a new technical setup suggests Ethereum could be on the verge of a bullish turnaround, as it now retests a key resistance level on the 4-hour chart.

Ethereum Retests Critical Resistance After Rebound

Ethereum’s price action has been full of downtrends and many investors exiting their positions since the beginning of March. As such, Ethereum broke finally below $2,000 on March 10 after support failed to hold, and has spend the past week trading below this level.

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Although after sinking to $1,750, Ethereum has shown signs of recovery and has now rebounded to around $1,900. This little price action of recovery has brought the cryptocurrency back to a downward-sloping resistance trendline, a level that has acted as a barrier to brief upward movements of accumulations during the recent downtrend.

The test of this resistance now presents a potential breakout scenario where bullish momentum flows into Ethereum. An analyst on TradingView highlighted this setup, noting that a breakout above the resistance trendline could open the doors for a significant rally above $2,000.

Analyst Sets Bullish Price Targets For ETH

Despite the prevailing bearish sentiment that continues to weigh heavily on the broader crypto market, a TradingView analyst has identified a bullish trade setup on Ethereum’s 4-hour candlestick chart. This suggests that despite the recent decline, there remains a degree of optimism among some analysts and investors who believe Ethereum could soon regain its bullish footing. 

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According to the analysis, a confirmed breakout above $1,885 could serve as an ideal entry point. At the time of writing, Ethereum is yet to break above the downward sloping resistance trendline, as the breakout point is currently set just below $2,000. If Ethereum were to eventually break above the resistance, the analyst noted a probable price target of $2,596. 

On the flip side, the analysis advices placing a stop loss at $1,700, meaning the setup is structured to manage risk while aiming for substantial gains. This is in case if the bearish momentum is too great to be overcome, and the Ethereum price gets rejected again at the resistance trendline. Given the high-risk reward ratio, the analyst advised watching for a surge in volume, which would provide confirmation that Ethereum is breaking out with momentum.

At the time of writing, Ethereum is trading at $1,895. Price action in the past 24 hours saw Ethereum reach an intra-day high of $1,950 before rejecting. However, the leading altcoin is still rolling around this resistance trendline, and there is a chance of a push upward again in the next 48 hours.

Featured image from Unsplash, chart from Tradingview.com

• Ethereum (ETH) consolidates below $2k, testing a 5-year trendline.
• PepeX emerges as a fairer investment alternative with its upcoming presale and AI-powered meme coin launchpad.
• Investors are shifting their focus to the upcoming PepeX presale amid Ethereum uncertainty.

As Ethereum (ETH) lingers in a precarious consolidation phase below the $2,000 mark, investors are increasingly turning their attention to alternative opportunities in the crypto space.

The broader market remains jittery, plagued by macroeconomic uncertainty, trade war fears, and erratic US policy decisions under President Trump. However, amid this turbulence, a new contender, PepeX, is emerging as a beacon for those seeking fresh prospects.

Billed as the world’s first AI-powered meme coin launchpad, PepeX promises a fairer alternative, drawing in degens and retail investors alike with its innovative approach and upcoming presale set to kick off on March 24, 2025.

Ethereum (ETH) faces a critical juncture

Ethereum’s current struggles are palpable as it trades in a tight range between $1,800 and $1,900, unable to reclaim the psychologically significant $2,000 level.

Analysts, including the prominent Mister Crypto, have pointed to a 5-year-long trendline that ETH is now testing— a historical support that has weathered major corrections in the past. This level is make-or-break for the second-largest cryptocurrency.

$ETH is retesting this 5-year long trendline.

MASSIVE BOUNCE INCOMING! pic.twitter.com/bRSiu7DYKu

— Mister Crypto (@misterrcrypto) March 17, 2025

Should the level hold firm, a bullish reversal could propel Ethereum (ETH) back above $2,000, igniting hopes of a rally toward $2,300, where the 4-hour 200 moving average awaits as a key resistance.

However, the bears are unrelenting, and a failure to defend this trendline could see ETH slide toward lower demand zones around $1,600-$1,700.

The broader economic backdrop isn’t helping Ethereum’s case. Rising trade tensions, inflation concerns, and regulatory ambiguity in the US have left risk assets, including crypto, in a state of flux.

Bulls have lost their grip, and the prolonged consolidation has traders on edge, uncertain whether the next move will be a breakout or a breakdown.

For now, ETH remains at a crossroads, with its fate hinging on how it reacts to this multi-year support over the coming days and weeks.

This uncertainty has pushed some investors to diversify, seeking opportunities that offer more immediate promise and less exposure to Ethereum’s volatility.

PepeX offers a new frontier for crypto investors

As Ethereum struggles to gain its footing, PepeX is capturing the imagination of the crypto community with its bold mission to democratize meme coin creation with its PepeX.fun memecoin launchpad.

Unlike Pump.fun, which has been criticized for favouring insiders and leaving only 0.4% of traders with gains exceeding $10k, PepeX aims to level the playing field. Its AI-driven launchpad allows anyone to create a token in minutes—upload an image, pick a ticker, and let the AI handle the rest, from generating viral memes to deploying anti-snipe smart contracts.

With a $500 entry fee for creators, PepeX weeds out low-effort projects, ensuring a higher quality of meme coins while still keeping the process accessible to the masses.

What sets PepeX apart is its commitment to fairness and transparency. Founders are capped at a 5% token allocation, with their liquidity locked and redistributed to the community if a project flops—a stark contrast to the exit liquidity schemes that have plagued other platforms.

Additionally, the AI-powered marketing bots further amplify its appeal, autonomously shilling tokens on Telegram and X to supercharge growth.

With Pump.fun raking in nearly $400M in fees last year, PepeX positions itself as the next big wave, offering token holders a chance to ride a rising tide of value as more projects join the ecosystem.

As Ethereum stalls, investors are positioning themselves for the PepeX’s presale which opens in the next five days, drawn by its narrative of vengeance against the old guard and its promise of a fairer, more profitable meme coin meta.

For degens and retail crypto investors, PepeX offers a tantalizing blend of innovation, accountability, and opportunity, making it a compelling alternative as Ethereum (ETH) battles to find its footing.

Ethereum (ETH) is trading at its lowest levels since late 2023, struggling to regain momentum after an extended period of selling pressure. Since December 2024, ETH has lost over 57% of its value, failing to reclaim key resistance levels. With the broader crypto market facing macroeconomic uncertainty and persistent volatility, Ethereum’s downtrend appears far from over.

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Despite the ongoing decline, on-chain data suggests that large investors may be positioning for a recovery. According to CryptoQuant, whales have moved over 130,000 ETH off exchanges in the past week, signaling a growing accumulation trend. This pattern has been developing since Ethereum started trending downward, suggesting that institutional players and long-term holders are buying the dip in anticipation of future price appreciation.

While short-term sentiment remains bearish, historical data shows that large whale accumulations often precede strong rebounds once selling pressure fades. However, ETH still faces significant resistance, and bulls must reclaim key levels to confirm a potential trend reversal. With market uncertainty still looming, the next few weeks will be critical in determining Ethereum’s next major move.

Ethereum Whale Activity Hints At Optimism

Ethereum has been under massive selling pressure, struggling amid macroeconomic uncertainty and trade war fears that have shaken both the crypto market and the U.S. stock market. ETH is now trading below a multi-year support level, which could act as a strong resistance in the coming weeks. If bulls fail to reclaim key price levels, the stage could be set for a deeper correction.

However, not all indicators are bearish. Despite the ongoing downtrend, some analysts remain optimistic about Ethereum’s long-term prospects. Top analyst Ali Martinez shared insights on X, revealing that whales have moved over 130,000 ETH off exchanges in the past week.

This is significant because large investors typically move their holdings off exchanges when they plan to hold for the long term rather than selling. When whales transfer ETH into private wallets, it often signals accumulation rather than immediate selling pressure. Historically, such trends have preceded market rebounds, as reduced exchange supply can contribute to price stability and future upside potential.

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While Ethereum still faces major hurdles, whale activity suggests that smart money is positioning itself for the next move. The next few weeks will be crucial in determining whether ETH can reverse its downward trend or if further declines are ahead.

Bulls Fight to Hold Key Levels

Ethereum is currently trading at $1,904, struggling to regain momentum after days of consolidation below the $2,000 mark. The ongoing selling pressure has kept ETH under key resistance, making it difficult for bulls to reverse the trend and start a recovery.

For Ethereum to regain a bullish outlook, bulls must reclaim the $2,000 level as soon as possible. A sustained push above this resistance would signal strength and could set the stage for a rally toward higher levels, potentially testing $2,250–$2,400 in the coming weeks.

However, if ETH loses current levels of demand, the next major liquidity zone sits around $1,600. A breakdown below $1,750 could trigger further sell-offs, leading to an extended bearish phase that could delay any potential recovery.

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With whale accumulation increasing and on-chain data suggesting reduced exchange supply, some analysts believe Ethereum could soon attempt a breakout. However, macroeconomic conditions and overall market sentiment remain critical factors in determining ETH’s short-term trajectory. Bulls will need strong buying pressure to reclaim lost ground and avoid a deeper decline.

Featured image from Dall-E, chart from TradingView