Ethereum price is facing a notable technical threshold, with transactions concentrated around $2,000. Recent data shows that short-term buyers are seeking support and that selling pressure is still effective in terms of the general market trend. As of March 30, Ethereum was trading at $2,018, registering a slight increase over the 24-hour period. However, the price has not yet overcome stronger resistance zones that will support upward attacks.
Resistance zone suppresses the price
According to technical analysis, Ethereum is facing strong resistance located in the $2,050–2,100 range. These levels stand out as an area where sell orders have been triggered, which have intensified in recent weeks. As long as the price remains below this zone, selling pressure continues. If Ethereum is clearly rejected here, the risk of a retreat to the $1,950–1,900 range with downward pressure will remain on the agenda.
However, if the price breaks through the $2,050–2,100 band again, it could change the short-term outlook in favor of buyers and pave the way for a new upward move towards the $2,150 level. Such a move will be decisive in terms of market momentum.
The $2,000 level is the equilibrium point
$2,000 has become a prominent support point for Ethereum investors in recent days. It is stated that if the price continues to hold at this level, recovery hopes will remain alive. The upward target is specifically in the $2,100–2,150 range. However, a sustained break below $2,000 could trigger a broader bearish wave.
For this reason, the $ 2,000 band stands out as the main battle line where buyers try to achieve short-term price stability and sellers insist on not giving up control.
Short-term upside potential and liquidity zones
Recent market analysis points out that sell orders and liquidity accumulation concentrated in the short term on Ethereum, gathering around $2,100. This structure shows that it is possible for the price to test this area with a short-term upward movement. However, there is a possibility that selling pressure will come into play again at these levels and the market trend may turn downwards.
Therefore, even if the price makes an upward move in the short term, the general bearish atmosphere can be maintained if the main resistances cannot be overcome permanently.
Strong accumulation process in on-chain data
Recent on-chain data indicates significant accumulation in Ethereum. The fact that more than 466,000 ETH inflows have been recorded in large wallets in recent days is considered a support signal from long-term investors. Such accumulation waves have been seen in the past during price stabilizations. However, it is not clear that this dynamic will immediately bring a new rise.
PO3 scenario in extended time frame
According to another market assessment, it is suggested that a structure consisting of accumulation, manipulation and expansion phases, known as the classic “Power of Three” (PO3), may occur in Ethereum’s price movements. According to the scenario, the price may drop below $1,120 from time to time as a result of a manipulation move. However, there is an expectation of a greater rise and consolidation process after this. This assessment indicates that the current downward trend may still be incomplete.
