Ethereum News: ETH Stages Stunning Comeback – Will the Rally Take It Above $2100?

Ethereum was seemingly in a spot of bother, with whales exiting and Layer-1 network interactions hitting all-time lows. But in the past few days, Ethereum has been positive, as it has made a strong recovery. This redemption was supported by a remarkable accumulation of $1.28 billion. This surge in investor interest in the past week has taken 635,000 tokens off of exchanges, signaling strong bullish sentiments in the cryptocurrency’s potential for growth. Currently trading at $2000+ levels, Ethereum’s price has been on a confident climb after a forgettable February.

Market Dynamics Shift for Ethereum

The recent accumulation reflects a bigger trend where investors are capitalizing on Ethereum’s dropped prices. As more and more ETH is being interacted with on the market, the available supply on exchanges is decreasing. This dearth of ETH tokens is bound to create an upward boost for the prices. The Liveliness indicator, which measures the activity of long-term holders, has recently hit a month-long low. This further corroborates that veteran ETH holders are choosing to ‘HODL’ the token rather than sell it. This suggests growing confidence in Ethereum in the long run.

Resistance Levels Broken, Pectra Upgrade Brings Wave of Confidence

The Ethereum recovery has also seen it soar over the $2,000 levels again. The deep plunge in February had the entire market shaken, but in a period of uncertainty, Ethereum has managed to stage a comeback, reclaiming $2,000 and offering hope to the community. One of the key drivers behind this resilience is the Pectra upgrade, which significantly enhanced Ethereum’s scalability and transaction efficiency. 

At the same time, institutional interest has also been on the rise for Ethereum. With institutions like BlackRock Crypto and UBS rallying to use the stable ETH blockchain for the tokenization of assets. Given the positive Ethereum news, let’s take a look at how Ethereum has performed on the charts in the last 24 hours. ETH price prediction for March 27 at the end!

ETH Price Analysis Shows $2,000+ Confidence, ETH Poised to Go Further

Yesterday, Ethereum commenced price action by testing the $2,079 resistance twice. But failure to skip across led to a decline in buying pressure. A death cross marked the downfall as ETH found support at $2,043. The RSI at this point displayed overbought levels. This called for a trend reversal, as ETH set out on a gradual uptrend, going all the way to $2,075, before the buying trend finally lost steam as it approached the resistance. As the signal line dipped below the long-term EMA, ETH saw a stark price decline. The fall was steep, as the death cross lingered around for around 3 hours. ETH finally found some stability around the $2,008 area.

Chart1: analyzed by raodevansh18, published on TradingView, March 27, 2025

Ethereum fluctuated for a bit, hoping for an upward breakout. But the support did not hold, and Ethereum ventured into the sub-$2,000 levels, finding its 24H low at $1,982. With the market losing hope and panic selling again, a price rise was imminent. Ethereum recovered quickly, again finding resistance at $2,018. As ETH fell again, the $1,998 level didn’t allow for further drops, and ETH jumped on an uptrend right after. The price soared, facing rejection at $2,034. ETH continued to consolidate around that level, finding support close by at $2,018.

ETH Price Prediction: Support Tested, Another Sub-$2,000 Dip Possible

While the Ethereum recovery has a long way to go, it has shown impressive resilience. With co-founder Joseph Lubin expressing confidence in Layer-1’s strength and reliability, ETH has been able to acquire significant institutional and retail investor interest. Given that, it feels that Ethereum has more to give in the coming times, and the early 2025 setback is a mere bump in the upward climb. Ethereum has found strong support in the $2,000+ region and is poised to capitalize on it. However, as the $2,018 support holds it now, ETH looks keen to test it. With the EMAs converging, it looks like ETH will abandon $2,018 and find a new support. If ETH stays afloat above $2,000, further exciting Ethereum news is imminent.