NewsBTC
Apr 3, 2025
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Ethereum Struggles Below $2,100 Resistance After 6% Weekly Drop

Ethereum (ETH) has decreased by 6% over the past week, struggling to reclaim the $2,100 resistance level. The cryptocurrency is currently trading between $1,775 and $1,925.

Current Trading Status

  • ETH's price closed the first quarter 45.4% below its January opening.
  • It recorded four consecutive months of decline, the worst performance in seven years.
  • Last week, ETH reached a high of $1,750, marking a 16-month low.
  • Key levels to monitor are $1,750 for breakdown and $2,100 for breakout.

Ethereum

Market Observations

  • Analyst VirtualBacon noted that ETH might remain within its current range for some time.
  • He referred to the current price zone as a “good value range.”
  • Ali Martinez reported a 63.8% decline in large ETH transactions since February 25.
  • Whale activity has decreased, with 760,000 ETH sold in two weeks.

Currently, Ethereum is priced at $1,903.

Ethereum