Ethereum is looking to extend its rebound from February lows, but the broader structure still reflects the market in recovery mode rather than a confirmed trend reversal. The next session will need to clarify whether this pullback can turn into a sustained move or if it remains a corrective rally within a larger downtrend.
Ethereum Price Analysis: Daily Chart
On the daily chart, $ETH remains within a descending channel and continues to trade below the major moving averages, with both the 100-day and 200-day moving averages still acting as overhead pressure. This keeps the higher timeframe bias prudent, as pullbacks into these dynamic resistance areas often attract supply unless price is able to decisively reclaim them.
From a levels perspective, the first meaningful resistance lies around the $2,350 to $2,450 area, which is consistent with previous structure and visible supply areas. If it recovers cleanly each day and rises above that zone, the outlook will improve and the $2,800 to $3,000 area will return to normal. On the downside, the $1,800 area remains the primary demand zone and previously absorbed the heavy selling. If you lose that every day, the next lower band will be around $1,500.
$ETH/USDT 4 hour chart
The 4-hour chart shows: $ETH Although stabilizing after a sharp decline, price action remains capped by nearby resistance, with $2,150 standing out as the near-term pivot. Recent attempts at this level have been rejected, suggesting that sellers continue to have aggressive overhead costs and buyers still need strong follow-through to reverse the short-term structure.
if $ETH If the $2,150 level can be regained and sustained above it thereafter, the next uppath could initially target the $2,300-2,400 area as a resistance zone on the daily chart.
However, if the rejection continues or the price does not recover after the recent false breakout, the focus will move back to the $1,800 area as short-term support and then to the $1,600 to $1,500 demand area. Below that demand zone, the consolidation setup weakens significantly, making a deeper continuation even less likely.
sentiment analysis
Funding ratios have turned slightly positive again, indicating that leverage is slowly being rebuilt on the long side after the capitulation phase. If this is accompanied by stable price growth, this is a constructive sign, as a balanced funding environment often supports a healthier continuation rather than a weak and over-leveraged pump.
That being said, the market remains vulnerable regarding key resistance levels. if $ETH While funding remains positive, being limited to below $2,150 increases the risk of crowding long positions, which could lead to a sharp downside rally or a forced risk aversion event. A cleaner bullish scenario is for funds to remain controlled and continue to rise above resistance, rather than for them to surge. This is an indication that demand is driving the movement, rather than being chased by leverage.
