Ethereum (ETH) has experienced significant price swings over the past eight weeks, reflecting the broader market’s uncertainty. From steady gains in early February to sharp corrections in March, ETH has moved between $2,819 and $1,887. As the market stabilizes, investors are watching closely to see where Ethereum heads next.
Ethereum’s 8-Week Price Recap
- Week 1 (Jan 27 – Feb 2): ETH opened around $2,600 and climbed to $2,700, posting a 3.8% gain.
- Week 2 (Feb 3 – Feb 9): A slight pullback saw ETH close at $2,632, down 2.5%.
- Week 3 (Feb 10 – Feb 16): The price rebounded to $2,692, marking a 2.3% increase.
- Week 4 (Feb 17 – Feb 23): Continued bullish momentum pushed ETH to $2,764 (+3.9%).
- Week 5 (Feb 24 – Mar 2): A sharp correction sent ETH tumbling to $2,212 (-21.5%).
- Week 6 (Mar 3 – Mar 9): ETH remained volatile, closing at $2,200 after a 12.3% mid-week drop.
- Week 7 (Mar 10 – Mar 16): Further losses saw ETH decline to $1,910 (-5.3%).
- Week 8 (Mar 17 – Mar 23): Signs of recovery emerged as ETH rebounded to $1,979 (+4.9%).
- March 24: ETH is currently trading at $2,082, with an intraday high of $2,104 and a low of $1,981.
Where is ETH Headed This Week?
Ethereum (ETH) recent price recovery suggests growing buyer interest, but whether it sustains depends on key market factors.
Bullish Case: If ETH breaks above $2,100, it could test resistance at $2,200. A strong push past this level may lead to a retest of $2,300, with a potential move toward $2,400 if bullish momentum holds.
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Bearish Case: If ETH fails to maintain $2,000, a pullback to $1,950 is likely. A break below this level could send prices toward $1,900, opening the door for further downside.
Ethereum (ETH) is at a turning point. If buyers continue to push the price upward, ETH could reclaim higher levels. However, failure to hold support may lead to renewed selling pressure. This week will be crucial in determining Ethereum (ETH) short-term trend.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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