Ethereum is showing renewed strength as buyers push the asset towards a key resistance zone around $2,100. Although traders are still keeping an eye on some key support levels, recent technical signals suggest that momentum is in the bulls’ favor.
Ethereum price structure suggests bullish momentum
Short-term charts show Ethereum breaking above the 0.786 Fibonacci retracement near $2,073. As a result, prices have regained the key moving averages that previously limited upward momentum.
The 20, 50, 100, and 200 index averages currently sit between $1,970 and $1,995. This cluster forms a strong support zone where buyers were previously defending the push.
Additionally, Ethereum has been making new lows since March 1st. This structure indicates that an upward channel is developing in the short term.
However, the market is currently facing resistance between $2,070 and $2,100. If the price remains above this region, it could trigger further expansion towards $2,145 and above.
Ethereum price trend (Source: Trading View)
The major support is located near $2,030, with previous resistance turning into a defensive buy area. The $2,014 Fibonacci level also serves as a structural axis for trend continuation. If buyers lose that level, the market could revisit the $1,990 moving averages.
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Further weakness could send Ethereum towards $1,930, where it previously consolidated. Conversely, strength above $2,100 could attract momentum traders targeting the $2,200 region.
Derivatives trading reflects changes in trader psychology
Source: Coinglass
Derivatives activity provides additional context regarding the current price environment. Open interest rose steadily from April 2024 and rapidly accelerated during the uptrend in 2025. As Ethereum soared above $4,500 during this period, traders increased their leverage exposure.
Importantly, open interest subsequently declined as the price corrected below $2,500. Current open interest is close to $24.8 billion and Ethereum is trading near $1,981. This contraction suggests that although speculative activity has cooled, it is still historically elevated.
Exchange flows and network vision add broader context
Source: Coinglass
The currency flow data also highlights changes in investor behavior over the past year. Mid-2025 saw increased volatility and sustained outflows across the broader crypto market. Several sudden withdrawals occurred in late August and mid-October.
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Additionally, flows stabilized from November to December as prices stabilized. The beginning of 2026 saw an increase in inflows, including a notable spike in early February.
Over the past year, many people I’ve talked to have expressed concerns about two topics:
* Various aspects of the way the world is moving: government control and surveillance, war, corporate power and surveillance, encity/corporization of technology, social media memetics…
— vitalik.eth (@VitalikButerin) March 3, 2026
Meanwhile, Ethereum co-founder Vitalik Buterin continues to advocate for neutral digital infrastructure rather than political activism. He promotes Ethereum as a globally shared technology that enables coordination without central control. Therefore, both technological momentum and philosophical direction continue to shape Ethereum’s evolving market story.
Technical outlook for Ethereum price
Key levels remain clearly defined. $ETH Critical zone testing was conducted in early March.
Near-term upside hurdles are at $2,070, $2,100, and $2,145. A definitive breakout above $2,145 could extend to $2,200 and even $2,250.
On the downside, support lies between $2,030 and $2,040, with a 0.618 fib at $2,014 and an EMA cluster near $1,970 and $1,995. The 200-day EMA near $2,180 serves as a resistance ceiling for medium-term bullish momentum. The technical image suggests that $ETH is compressed within a short-term uptrend channel, and a breakout could cause increased volatility in either direction.
Will Ethereum continue to rise?
$ETH‘s short-term price trajectory will depend on buyers defending the $2,030-$2,040 zone. If this support holds, a challenge in the $2,100-$2,145 cluster could become possible. Technical compression combined with strong inflows and positive open interest suggests increased volatility and potential upside.
If the bullish momentum becomes stronger, $ETH It could retest $2,200 and possibly $2,250. Conversely, if $2,014 cannot be held, the short-term uptrend risks weakening, leaving Ethereum exposed to $1,970 and $1,930. Current levels remain crucial, and market confidence and technical confirmation are likely to determine the next leg.
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