Ethereum showed signs of recovery following a period of decline, with recent data indicating renewed market activity and stable price movement. After dropping to lows near $2,000 in February, the cryptocurrency’s price action stabilized, reflecting cautious optimism among traders and investors.
Ethereum’s momentum shifts as technicals turn bullish
Market analytics platform CryptoQuant highlighted that Ethereum is currently benefiting from increased capital flows, reduced sell pressure, and a gradually expanding ecosystem. With these combined factors, Ether appears to be performing relatively well compared to broader market conditions.
Recent price data shows Ethereum maintaining a range between $2,150 and $2,300 since rebounding from its February downturn. The latest daily closing price was $2,243.7, marking a 2.46% gain on the day and signaling a more stable phase after months of volatility.
Technical indicators point to improving momentum. The Relative Strength Index (RSI) climbed above the key 50 threshold, reaching 60.05—a level often associated with renewed buying interest and reduced selling pressure. This follows earlier readings that had indicated the market was oversold.
The Moving Average Convergence Divergence (MACD) indicator has also moved into positive territory, with the main line staying above the signal line and the histogram expanding further above zero. This arrangement typically reflects strengthening bullish momentum after a bearish cycle.
Market watchers remain focused on the resistance area between $2,250 and $2,300. To confirm a broader price recovery, Ethereum needs a sustained move beyond this zone. Until then, the asset is expected to fluctuate within its current defined range.
CryptoQuant analysts described Ethereum’s current situation as follows: “ETH currently benefits from capital inflow, supply tightening, and ecosystem growth. This positions Ethereum as structurally stronger in the present market environment.”
Whale activity tapers as traders anticipate next move
Recent on-chain data points to a slowdown in large-holder (whale) accumulation of Ethereum. CW, a market research platform, noted that major wallets have eased their buying pace, indicating that the accumulation phase could be nearing its end.
Historically, periods of notable accumulation by large holders often precede price rallies. However, these phases can also signal transitions from accumulation to distribution, creating ambiguity regarding upcoming market direction.
CW’s recent statement suggested, “The pace of $ETH accumulation by large whales is slowing. It is possible that their accumulation is coming to an end. The end of whale accumulation means the next move begins. Next to accumulation is a bullish rally. Whales will sell $ETH they have accumulated to retail…”
Ethereum’s longer-term trend still reflects its previous decline from near $5,000 in August 2025, when a persistent downtrend set in, featuring lower highs and lows until the February bottom.
Strong support is seen around $2,100, with the psychologically significant $2,000 level providing a floor. On the upside, resistance above $2,300 extends toward $2,800 and $3,000, aligning with zones where the price previously failed to hold.
The current range-bound phase, marked by sideways movement, shows a balance between renewed buyer interest and ongoing market caution. Market participants are monitoring for a decisive breakout or another rejection at resistance.
Ethereum’s next significant move will likely depend on sustained buying pressure and the ability to surpass key resistance levels. For now, the consolidation pattern remains the dominant feature in the short term.
