The price of Ethereum has retreated in recent days, but it remains well below an important resistance level.
EthereumETHThe price of the pound rose on Saturday and surpassed this month’s low, which was $1.762. As of the publication date, its price was around 1,940.57.
ETH (the second biggest cryptocurrency) is still in a severe bear market. It has fallen over 53% from the peak it reached in December.
Investors are largely ignoring the decline in crypto- and stock markets as President Trump continues to threaten them. Donald Trump’s tariffs.
According to third-party data, Wall Street investors continue to sell Ether ETFs. According to SoSoValueAll Ethereum ETFs lost over $143 Million in assets last week. This is a significant increase from their loss of $119 Million a week before.
In the three weeks that followed, they lost money. The cumulative net outflows now total $2.56 Billion. Grayscale ETHE is the most valuable ETF, with over $2.35 Billion in assets. Blackrock ETHA comes second, with $2.1 Billion. Ethereum ETFs collectively have assets of $6.6 billion. This is lower than Bitcoin.BTC) $93 billion.
The futures markets are also sending out a warning regarding the Ethereum price. The data shows that the linear weekly futures are now in the phase of backwardation for the first since August. In a backwardation phase, futures’ prices fall below the current level.
Positively, some investors seem to be buying dips. Donald Trump’s World Liberty Financial has purchased more ETH, worth $540,000.
CryptoQuant has released more data that shows whales continue to accumulate ETH. The balances of these large investors, as shown in the chart below, have risen over the last few months.
$ETH Accumulation in Full Swing! 🐋
Whales and market makers know exactly what they’re doing—they don’t play games.
Something big is brewing… Stay focused on the target!#Ethereum #ETH pic.twitter.com/uJmDvXM2Ga
— @CryptoELlTES (@CryptooELITES) March 14, 2025
Ethereum price Analysis
Daily chart shows Ethereum has stabilised in recent days. From a $1762 low, it has now risen to $1930.
Ethereum failed to convert the psychologically important $3,000 point into support. The price is also below $2,115 – the critical resistance level – the low swing of August, as well as the $4000 neckline.
As the moving averages of 50 and 200 days crossed, Ethereum formed a death-cross pattern. Also, it has formed a pennant-shaped pattern that indicates further downside. The bearish perspective will be confirmed by a drop below $1,762 this month’s lowest price.
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Source: crypto.news
