TLDR:
Ethereum trades between $2.1K and $2.3K as momentum indicators turn bullish after February’s sharp market correction.
RSI climbs above 60 and MACD shows a bullish crossover, signaling improving momentum in Ethereum’s daily chart.
CryptoQuant data shows ETH benefiting from capital inflows and tightening supply during the current market phase.
Whale accumulation pace is slowing, suggesting the accumulation phase may be ending before a possible rally.
Ethereum is showing early recovery signs after months of decline, as recent data points to renewed market activity and stabilizing price action.
Analysts note a shift in momentum, although price remains within a tight range below key resistance levels.
Ethereum Shows Early Recovery as Momentum Indicators Turn Positive
CryptoQuant noted that Ethereum is currently benefiting from capital inflows, reduced supply pressure, and steady ecosystem growth. These combined factors are positioning ETH as relatively stronger during the current market phase.
At the same time, market data shows Ethereum rebounding from its February lows near the $2,000 level. Price action has since stabilized between $2,150 and $2,300, forming a consolidation range. The latest daily candle closed at $2,243.7, reflecting a modest gain of 2.46%.
Technical indicators are also shifting. The Relative Strength Index is now at 60.05, moving above the neutral 50 level. This change signals improving momentum after rebounding from oversold conditions seen earlier in the year.
In addition, the Moving Average Convergence Divergence indicator has turned positive. The MACD line remains above the signal line, while the histogram continues expanding in positive territory. This pattern reflects strengthening bullish momentum after a prolonged bearish phase.
Despite these developments, Ethereum remains below immediate resistance between $2,250 and $2,300. A sustained move above this zone is still required to confirm a broader recovery trend. Until then, the price continues to trade within a defined range.
Whale Activity Slows as Market Watches for Next Direction
While indicators suggest improving conditions, whale behavior is showing a different pace. According to CW, the rate of Ethereum accumulation by large holders is slowing. This shift may signal the end of the recent accumulation phase.
Historically, accumulation phases often precede upward price movements. However, they can also mark transition points where large holders begin distributing assets at higher levels. This creates uncertainty around the next market direction.
At the same time, Ethereum’s broader trend remains influenced by its earlier decline from near $5,000 in August 2025. The asset experienced consistently lower highs and lower lows before reaching its February bottom. That larger trend still frames current price action.
Support levels remain firm around $2,100, with the $2,000 level acting as a psychological floor. On the upside, resistance extends beyond $2,300 toward $2,800 and $3,000, where previous breakdowns occurred.
For now, Ethereum continues to move sideways within its current range. This phase reflects a balance between recovering demand and cautious market sentiment. Traders are closely watching for a breakout or rejection at nearby resistance.
As conditions evolve, Ethereum’s next move will likely depend on whether buyers can sustain momentum above current levels. Until then, consolidation remains the dominant structure in the short term.
