- ETH clawed back above $1800, but not convincingly—risk of another leg down.
- Downtrend still intact with lower highs defining recent structure.
- Bulls need a push past $2100 or the slump could continue into April.
Another Shot at Climbing, But It’s Still Slippery
ETH’s price just bounced off $1778, and while it managed to poke back above $1840, it’s not exactly a clean breakout. If anything, it’s a hesitant one. Looking back at this chart, there’s a consistent theme: ETH makes sharp recoveries… and then gives it all back just as fast. That’s not bullish strength—it’s market indecision in a hoodie.
The last time ETH climbed this hard, it was off the $1759 base. It made it to $2100 before getting slammed back down again. That makes this level—yeah, the $2100 range—super important. Without a break above it, ETH’s still just shadowboxing in a bearish structure.
Bearish Flow Still Uninterrupted
Despite the rebound, ETH hasn’t changed its trend—at least not yet. We’ve had peak after peak getting lower. From the early March high of $2855, we dipped to $2607, and then again to $2104. Lower highs, lower lows. Classic downtrend stuff.
So what now? The current bounce off $1778 could be the beginning of something… or just another lower high waiting to happen. If the bulls can’t clear $2000 cleanly in the next few days, this rally might get stomped out just like the last couple. ETH’s price has a knack for teasing hope and then rug-pulling right after. Real talk.
Don’t Sleep on These Two Levels
Okay, two spots matter most right now. One is $2100—that’s the ceiling keeping the bulls out of breakout territory. If ETH clears it and holds, things could flip fast. The other is $1750. Break below that, and we could be testing the $1600s before long. These levels are acting like magnets right now—price just keeps bouncing between them.
Momentum-wise, ETH is getting squeezed. It’s kinda like holding your breath at this point. A big move is brewing, but we’re not sure which way yet. If you’re thinking long-term, just keep your eyes locked on those two zones and don’t let the noise shake your conviction (or your stop-loss).
Ethereum’s Origin Story
Ethereum came to life back in 2015, built by a team led by Vitalik Buterin. It was born out of the desire to do more than what Bitcoin could—mainly, allowing developers to build decentralized apps and smart contracts. Unlike Bitcoin, Ethereum was designed to be programmable. And well, that little tweak turned it into the backbone of DeFi, NFTs, and half of Web3.
