Crypto: Ether Price Again Rejected At $2k: How Low Can ETH Go In March?

Ether needed to hold a key support recently established at $1,800, coinciding with the lower trend line of a classic chart pattern that warns of a drop below $1,500.

Ether’s (ETH) rally stalled late Monday just above $2,000 due to stiff overhead resistance, as the technical setup suggested that downward momentum would increase if the ETH/USD pair breaks below $1,800.

ETH price must hold above $1,800 to avoid another leg down.

Ether’s bearish charts and onchain indicators converge on ETH prices below $1,500.

Ether’s cost-basis distribution heatmap shows strong support recently established around $1,800. This is where about 1.23 million ETH were acquired at an average price of $1,890 over the last 30 days.

This area is now a strong support for ETH, which, if broken, would likely see the price retest February’s lows.

Related: Ether is 60% down from its 2025 high, but TradFi keeps betting on ETH: Here’s why

CoinGlass data shows short liquidations of over $120 million over the past two days, clearing overhead leverage. Now, $624 million in cumulative long liquidation exposure sits above $1,800, forming a liquidity pocket below the spot price.

CryptoQuant analyst Maartunn spotted 67,000 ETH, worth about $130 million, sitting just below the spot price, reinforcing the significance of this support zone.

From a technical point of view, the $1,800-$1,900 support zone coincides with the lower trend line of a symmetrical triangle on the daily chart.

Source: CoinTelegraph