The Current State of Ethereum (ETH)

• The price barrier at $2460 functions as a powerful resistance for ETH, resulting in 10.95 million investors holding 64.52 million ETH.
• The ongoing price stability of Ethereum keeps the token above its essential $2,100 support region; any downward drop might unleash bearish market forces.
• ETH prices may decrease due to declining investor confidence, leading to over 30,000K ETF withdrawals.

The Ethereum (ETH) cryptocurrency price fell to $2,188.96 during the last 24-hour period, demonstrating a 2.3% decrease. The market value of this asset against Bitcoin stands at 0.02452 BTC, representing a 2.2% decline compared to yesterday. ETH has shown moderate pricing volatility with movement between $2,104.64 and $2,270.74 during the period.

An influential resistance has materialized at $2,460 after 10.95 million investors obtained 64.52 million ETH. Ethereum faces a significant resistance threshold at $2,460, which must be surpassed for an upward price rally to commence.

Ethereum Holds $2,100 Support Amid Market Uncertainty

Ethereum’s current price movement suggests a struggle to maintain upward momentum. The recent decline could be attributed to broader market trends, macroeconomic factors, or profit-taking by traders. The cryptocurrency maintains its position beyond the $2,100 support point that established itself as an enduring price resistance throughout the previous trading period.

> The biggest hurdle for #Ethereum is at $2,460, where 10.95 million investors acquired 64.52 million $ETH. Breaking through this level will reignite #ETH bullish momentum!
> — Ali (@ali_charts) March 7, 2025

If ETH falls below this level, it could test lower supports, potentially leading to increased bearish sentiment. Conversely, sustained support at this range may provide a foundation for recovery and an attempt to retest the $2,460 resistance.

Ethereum ETF Inflows Drop, Market Caution Rises

Ethereum Spot ETF recorded strong net inflows exceeding 90,000K, pushing its price to near $3,900K, indicating institutions as a primary driver behind its market growth. Recent periods have witnessed a strengthening of outflows, reflecting diminishing investor belief through red bars that surpass -30,000K.

Source: Coinglass

Ethereum ETF demand has weakened, according to the current price range of $2,400K to $2,700K owing to falling investment inflows. The market trend indicates that investors are holding back investments due to multiple economic uncertainties across all sectors.

Continued Ethereum asset outflows may drive prices downward to potentially hit new support levels. A resurgence of inflows indicates market confidence, thus elevating the possibility of surpassing the $3,000K resistance level.