BEARISH 📉 : Ethereum tests $2,000 support, trades at $2,120 after 2% drop
ETH falls to $2,120, down 2.4% today. Traders eye the $2,000 area for support (TradingView). ETH sits 57% below its $4,831 cycle high (TradingView).
Near-term targets diverge. Changelly shows a March average at $2,308.91 and a ceiling at $2,520.45 (Changelly).
Technicals lean cautious. Coinspeaker notes 19 of 30 CoinCodex indicators flag bearish conditions, a setup that has preceded short bounces more often than reversals (Coinspeaker).
On-chain activity stays firm. $38.2bn in TVL sits across 146 active Layer 2 networks (Capital.com).
Institutions remain engaged. Bitmine recently staked $215m in ETH (Coinspeaker).
Headline takeaway for crypto investors: price is weak, structure is resilient. These data points frame the battle over the $2,000 zone into month-end.