- Technicals indicate a bullish trend for Ethereum which matches the performance from 2020 after its price surged past $2,000.
- Trading volume has experienced an abrupt growth which indicates intensifying investor participation even though DeFi remains impacted by losses and existing expectations have declined.
- Analytical data from market analysts shows declining sales pressure which confirms their belief that price will increase after Ethereum lost value previously.
Ethereum price has risen above $2,000, showing signs of strength following weeks of volatility. The digital asset, which dropped below the threshold earlier in March, is now recording gains that some analysts believe could signal the beginning of a larger rally.
Crypto analyst Master Kenobi has drawn attention to a repeating pattern last seen in 2020, suggesting Ethereum may follow a similar trajectory. He pointed out an ABCDE formation that led to a significant upward movement in the past. According to his analysis, the present pattern appears identical in structure and timing, with the current market showing early signs of recovery.
Hidden Divergence Signals Easing Pressure
A long-range hidden bullish divergence that Master Kenobi observed indicated a potential weakening downward pressure. The market reaction occurred following Ethereum’s price fall below $2,000 leading to intense selling pressure. ETF investors accelerated their money withdrawals very rapidly soon after the price drop as research indicated substantial volumes of investor capital movement.
The upcoming road for Ethereum exhibits substantial uncertainty although fresh optimism emerges. The analysts at Standard Chartered have decreased their 2025 Ethereum price prediction by an overwhelming 60 percent. Investor sentiment about Ethereum remains negative even though prices experience short-term improvements due to this comprehensive market-based revision.
Ethereum DeFi Sector Sees Major Outflows
Additionally, the Ethereum ecosystem has seen a $29 billion drop in DeFi-related value over the past month. The steep decline raises concerns about user engagement and platform utility, although some developers are optimistic about the upcoming Pectra upgrade currently in its test net phase.
Ethereum currently holds a market value of $2,020 with a daily increase of 4.40 percent. The trading volume surged 92% in the last 24 hours to reach $20.27 billion. This rise in volume comes despite recent negative reports, suggesting renewed interest in the asset and possible movement toward stronger resistance levels.
