Ether must recover the “Macro” range above the $ 2,200 mark to raise more upward momentum while cryptographic markets remain under pressure by global macroeconomic concerns until the beginning of April.
The price of ether (ETH) is down more than 51% during its three -month downward trend after exceeding $ 4,100 on December 16, 2024, according to tradingView data.
ETH / USD, graphic at 1 day. Source: Cointelegraph /Tradingview
To stage an inversion of decreased Thncoininglis, Ether Price must recover the “macro range” greater than $ 2,200, wrote Rekt Capital of the cryptography analyst in a post of March 19: Post:
“If the price can generate a sufficiently strong reaction here, then #eth can recover the Macro range from $ 2,96 to $ 3,900 (black).”
ETH / USD, monthly graphic. Source: Rekt Capital
Meanwhile, Ether’s open interests have reached a new record of all time on March 21, which makes investors hope that large traders position themselves for a rally greater than $ 2,400.
Ether in a global term open interest, eth. Source: Coringlass
Ether remains unable to take a significant momentum despite positive cryptographic regulatory developments, such as the American Commission for Securities and Exchange supposing the trial for Ripple.
Some analysts expect traditional markets and cryptocurrencies to be under pressure by world trade concerns until early April, when countries can find a resolution in reprisals.
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Eth Whales Only ONES Purchase: Nansen Analyst
While some crypto traders often blame large investors, or whales, for market slowdowns, these participants “simply play the market in any direction”, according to Nicolai Songergaard, research analyst at Nansen.
The analyst said during the Daily X Cointelegraph chainrection on March 21:
“The Whales of ETH in the 10K at 100k actually accumulated ETH, while everyone has poured.”
The cryptocurrency crisis: #ChainreAction https://t.co/nd4qkkzkn
– Cointtelegraph (@cointelegraph) March 21, 2025
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The number of addresses with at least $ 100,000 from Ether began to increase in early March, from just over 70,000 addresses on March 10 to more than 75,000 on March 22, according to Glassnode data.
ETH: Number of addresses with ≥ 100,000 $ 100,000. Table of year to date. Source: Glass nose
In comparison, there were more than 146,000 portfolios with more than $ 100,000 ETH balance on December 8, when Ether’s price was negotiated over $ 4,000.
Despite the short -term volatility potential, investors remain optimistic for the rest of 2025, Vaneck predicted a cycle of $ 6,000 for the price of Ether and a price of $ 180,000 Bitcoin (BTC) in 2025.
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