Source: Cointelegraph.com NewsEther needs to reclaim the \u201cmacro\u201d range above the $2,200 mark to amass more upside momentum as crypto markets remain pressured by global macroeconomic concerns until at least the beginning of April.
\nEther (ETH) price is down over 51% during its three-month downtrend after it peaked above $4,100 on Dec. 16, 2024, TradingView data shows.
\nETH\/USD, 1-day chart. Source: Cointelegraph\/TradingViewTo stage a reversal from thncoinglis downtrend, Ether price needs to reclaim the \u201cmacro range\u201d above $2,200, wrote popular crypto analyst Rekt Capital in a March 19 X post:
\n\u201cIf price can generate a strong enough reaction here, then #ETH will be able to reclaim the $2,196-$3,900 Macro Range (black).\u201d
\nETH\/USD, monthly chart. Source: Rekt CapitalMeanwhile, Ether’s open interest surged to a new all-time high on March 21, raising investor hopes that large traders are positioning for a rally above $2,400.
\nEther futures aggregate open interest, ETH. Source: CoinGlassEther remains unable to gain significant momentum despite positive crypto regulatory developments, such as the US Securities and Exchange Commission dropping the lawsuit against Ripple.
\nSome analysts expect traditional and cryptocurrency markets to be pressured by global trade war concerns until at least the beginning of April, when countries may find a resolution to the retaliatory tariffs.
\nRelated: Trader nets $480K with 1,500x return before BNB memecoin crashes 50%
\nETH whales only ones buying: Nansen analyst
\nWhile some crypto traders often blame large investors, or whales, for market downturns, these participants are simply \u201cplaying the market in any direction,\u201d according to Nicolai Sondergaard, a research analyst at Nansen.
\nThe analyst said during Cointelegraph\u2019s Chainreaction daily X show on March 21:
\n\u201cThe ETH whales in the 10k to 100k have actually been accumulating ETH, whereas everyone else has been dumping.\u201d<\/p>\n
The Crypto Debanking Crisis: #CHAINREACTION https:\/\/t.co\/nD4qkkzKnB\u2014 Cointelegraph (@Cointelegraph) March 21, 2025<\/p>\n
Related: Bitcoin\u2019s next catalyst: End of $36T US debt ceiling suspension Source: Cointelegraph.com NewsEther needs to reclaim the \u201cmacro\u201d range above the $2,200 mark to amass more upside momentum as crypto markets remain pressured by global macroeconomic concerns until at least… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125638"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125638"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125638\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125638"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe number of addresses with at least $100,000 worth of Ether started rising at the beginning of March, from just over 70,000 addresses on March 10 to over 75,000 on March 22, Glassnode data shows.
\nETH: Number of Addresses with Balance \u2265 $100k. Year-to-date chart. Source: Glassnode\u00a0In comparison, there were over 146,000 wallets with over $100,000 in ETH balance on Dec. 8, when Ether’s price was trading above $4,000.
\nDespite the potential for short-term volatility, investors remain optimistic for the rest of 2025, VanEck predicted a $6,000 cycle top for Ether\u2019s price and a $180,000 Bitcoin (BTC) price during 2025.
\nMagazine: SEC\u2019s U-turn on crypto leaves key questions unansweredRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"