NewsBTC

25 March 2025

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Ethereum Surges 6.2% Nears $2,200 Resistance for March Close

Ethereum (ETH) rebounded to the $2,000 support level, reaching a two-week high of $2,104. Analysts suggest potential for a positive close in March.

Key Highlights

• Ethereum increased 6.2% in 24 hours from $1,980 to $2,104.
• The cryptocurrency retested the $2,100 resistance for the first time in a week.
• ETH previously dropped to $1,750 on March 9, its lowest since November 2023.
• Current price is 6.8% away from turning March positive.
• Ethereum opened March at $2,237; closing above this could end a three-month decline.
• Q1 performance marked ETH's worst in seven years, down 37.46% from the start of 2025.
• Historical data indicates potential for a bullish Q2.
• Support zone identified between $1,886 and $1,944, with major resistance from $2,250 to $2,610.
• Current trading price is $2,090, reflecting a 4.3% daily increase.

Analysts are monitoring key levels, with a potential breakout above $2,200 signaling a recovery phase. Ethereum's historical performance suggests possible upward movement if past patterns repeat.