Ethereum Price Surges Past $2,064: Bullish Breakout Signals Further Gains

Rising 8% in 24 hours, Ethereum (ETH) has soared to $2,064 as of  March 20, 2025. The price change reflects a bullish breakout from an ascending triangle, a pattern indicating significant upward motion. The daily trading volume of ETH increased to $17.4 billion, further underlining the renewed consumer confidence.

Ethereum developed higher lows and challenged the $1,950 barrier several times after briefly dropping under $2,000 on March 10. Eventually, this neckline snapped and moved ETH into a bullish zone. Since ETH flips the 100-day exponential moving average (EMA) at $2,050 into support, analysts estimate a price goal of $2,142 once the breakout is verified. 

Ethereum’s capacity to recover several psychological levels shows an increasingly bullish attitude. The sharp price rise underlines increasing investor interest and suggests that if external market conditions stay good, the altcoin might keep going up.

Ethereum’s Bullish Setup and Price Targets

Signals of a possible trend reversal come from the strong bullish divergence in Ethereum’s price and relative strength indicator, which have shown recent price action. The relative strength index pointed to a falling bearish influence. When the RSI forms higher lows, and the price forms a lower trend, as is clear from a bullish divergence, a falling direction is evident. At $1,752, this disparity created a local bottom for Ethereum just before the burst over $2,000. Many times, this technical pattern sets the stage for a major upward trajectory and points to more profits that might be forthcoming.

Recently, a cryptoanalyst, Rekt Capital, noted that ETH retested its multi-year demand zone under $2,000. The analyst believes that if ETH keeps rising, it could recover the bigger macro range of $2,196–$3,900. ETH needs to consolidate above $2,050 and maintain solid buying pressure for sustained bullish momentum. Now, market players are closely monitoring Ethereum’s next resistance levels. The immediate goal is $2,142, which is about 5% above its present value. The next important resistance levels for ETH are $2,200 and $2,400. 

Ethereum Accumulation Addresses Reach Record Highs

Ignoring former price adjustments, long-term investors have been purchasing Ethereum at an unheard pace. The activity of Ethereum accumulation addresses on March 12 saw a one-day inflow of 345,210 ETH, therefore setting a new record.

With no outgoing transactions, Ethereum accumulation zones are considered wallets, mainly storing ETH for long-term investment. Rising inflows indicate that institutional and retail traders are taking advantage of the chance to purchase ETH at a discount, given that the digital currency still sits 58.4% below its all-time high.

Chart 1 –  ETH/USD Live Price, published in TradingView, March 20, 2025.

Ethereum (ETH) has slipped to $1,989.74, down significantly from a previous close of $2,033.48. From the chart, the downward trend remained solid throughout the day, and ETH seemed to have an uphill task holding the $2,000. The decline signifies the present volatility of the markets and investors’ caution.

Accumulating wallets added above 5.8 million ETH in 2024. 4.73 million ETH were picked up in less than three months in 2025 as this direction has sharply accelerated. The rise in collection underlines increasing belief in Ethereum’s long-term opportunities. The accumulation trend points to ETH’s future growth potential, which significant investors clearly believe in. Rising accumulation usually comes before bullish market cycles, suggesting that Ethereum could enjoy a long-term upward direction in the next few months.

Future Outlook: Can ETH Sustain Its Uptrend?

The present price behaviour of Ethereum and its accumulation trend indicate a great bull market sentiment. The crypto market, however, is still changing, and there is always some chance of liability. Should ETH effectively turn $2,050 into support, it could test more resistance levels, opening the door for a greater recovery. Long-term optimism is still being propelled by institutional demand and network improvements, including Ethereum’s change to staking and Layer 2 scaling technologies. Though short-term changes are to be expected, the fundamentals of Ethereum are strong and, therefore, poised for more growth in 2025.