Ethereum (ETH) price is facing a make or break point as traders keep an eye on a decisive resistance and support level.
The crypto still holds above $2,100. To be able to push bullish momentum, its vitally important it surges past $2,460.
Ethereum Price Holds Key Support at $2,100 Amid Market Volatility
Despite price fluctuations, Ethereum has defended the $2,000 to $2,100 range.
This level has been tested many times and has shown strong buying interest.
If ETH manages to maintain its status above this zone, then market analysts have indicated that this will be a bullish condition for a potential rebound.
Crypto trader, ‘@DaanCrypto,’ noted on X (formerly Twitter) that ETH formed a higher low on lower timeframes, early reliefs of recovery.
The analyst says breaking $2,300 is an important milestone to recover recent losses.
In the ETH daily trading chart, we can see that ETH is having a hard time to pull off an upward momentum. However buyers were protecting this critical support level.
$2,460 Resistance Holds 10.95 Million Investors
Ethereum has the next challenge at $2,460 resistance where 10.95 million investors have 64.52 million ETH according to on-chain data.
Breaking this level could spring a stronger uptick movement as the traders are looking for confirmation of a bullish trend.
Crypto analyst Ali shared that Ethereum needs to remain above $2,200 to maintain a positive outlook.
The TD Sequential indicator on the weekly chart has flashed a buy signal, suggesting the possibility of a rebound.
Analysts believe that if Ethereum surpasses $2,460, it could pave the way for a larger price rally.
Ethereum Price and Market Data
At press time, Ethereum was priced at $2,175, experiencing a 2% rise in the last 24 hours.
It has a market cap of $265.39 billion and a 24 hour volume of $9.68 billion, which is a steep drop of 44.63% in a day.
With Ethereum having a circulating supply of 120 million ETH, it seems to be facing a low in trading activity.
The recent decline follows a similar trend to the rest of the market due to changes in sentiment and macroeconomic factors.
In the coming days, Ethereum will be closely watched in its attempts to hold key support levels as it challenges resistance zones.
Institutional Investors Show Growing Interest in Ethereum
CryptoQuant’s on-chain data shows that ETH flows into accumulation addresses have reached multi year highs.
The levels are higher than previous major price surges before.
In fact, the rise in accumulation indicates that institutional investors and large holders are looking for Ethereum’s price to rise.
Some analysts predict $9,000 at the end of the year based on historical patterns and growing adoption.
That said, such predictions should be viewed in the current context.
Ethereum’s next move is likely to be dictated by whether it is able to break key resistance levels. The cryptocurrency market is still volatile.
Ethereum traders and investors are watching closely to see it reclaim bullish momentum and surge toward new highs.
Source: https://www.thecoinrepublic.com/2025/03/09/ethereum-price-faces-2460-hurdle-bulls-aim-for-breakout/