Ethereum

bullish

FOMC

Momentum

would

<p>Ethereum (ETH)&nbsp;price has struggled to maintain momentum after briefly crossing the $2,000 mark. As of writing, it was hovering near the $1991 mark.</p> 
<p>The recent FOMC meeting triggered a short-lived bullish push, but selling pressure quickly returned.</p> 
<p>Traders are now watching key support at $1,823 and resistance at $2,106 to determine ETH’s next move. If Ethereum price can regain bullish momentum, a surge toward $2,546 remains possible.</p> 
<h2 class="wp-block-heading" id="h-ethereum-rsi-drops-as-momentum-weakens"><strong>Ethereum RSI Drops as Momentum Weakens</strong></h2> 
<p>Ethereum’s RSI has dropped from 71 to 46 in just two days, reflecting a shift in market sentiment.</p> 
<p>The RSI, a momentum oscillator ranging from 0 to 100, indicates whether an asset is overbought or oversold.</p> 
<p>A reading above 70 suggests an overbought condition, while below 30 signals oversold territory.&nbsp; A drop from overbought levels suggests that Ethereum’s recent rally has stalled.</p> 
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  <img loading="lazy" decoding="async" width="1024" height="213" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-873-1024x213.png" alt="Source:TradingView" class="wp-image-1090887" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-873-1024x213.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-873-300x62.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-873-768x160.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-873-1536x320.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-873-150x31.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-873-696x145.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-873-1068x222.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-873.png 1600w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
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   Source: <a href="https://www.tradingview.com/">TradingView</a>
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<p>With the RSI now in neutral territory, Ethereum price may enter a consolidation phase. If bearish pressure intensifies, ETH could decline further before finding strong support.</p> 
<p>Traders are closely monitoring whether the RSI will continue to decline or stabilize, which could indicate a potential price recovery.</p> 
<p>A rebound in RSI from these levels would suggest renewed buying interest.</p> 
<h2 class="wp-block-heading" id="h-dmi-signals-bears-regaining-control"><strong>DMI Signals Bears Regaining Control</strong></h2> 
<p>Ethereum’s Directional Movement Index (DMI) confirms that sellers have gained momentum.</p> 
<p>The DMI consists of the Positive Directional Index (+DI), the Negative Directional Index (-DI), and the Average Directional Index (ADX), which measures trend strength.</p> 
<p>When -DI crosses above +DI, it signals growing bearish pressure.</p> 
<p>Currently, ETH’s -DI has climbed to 23.12 from 11.17, while +DI has fallen from 34 to 21.17. This shift indicates that selling pressure is increasing, while bullish momentum is weakening.</p> 
<p>Additionally, the ADX has dropped from 24.5 to 17.96, showing that Ethereum’s trend strength is weakening.</p> 
<p>A declining ADX often suggests that the market may enter a consolidation phase before making a decisive move.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="210" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-872-1024x210.png" alt="Source:TradingView" class="wp-image-1090877" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-872-1024x210.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-872-300x62.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-872-768x157.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-872-1536x315.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-872-150x31.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-872-696x143.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-872-1068x219.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-872.png 1600w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
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   Source: <a href="https://www.tradingview.com/">TradingView</a>
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<h2 class="wp-block-heading" id="h-key-support-at-1-823-could-prevent-further-decline"><strong>Key Support at $1,823 Could Prevent Further Decline</strong></h2> 
<p>The ETH bulls are testing $1,867, while the lower support is at about $1,823. If these levels remain intact the ETH price could start to rise again as buyers enter the market to support the price.</p> 
<p>However, if the rate falls and moves below $1,823, then a bearish run to $1,759 cannot be ruled out.</p> 
<p>This would raise the likelihood of ETH price declining to $1,700 or below, which has not happened since October 2023.</p> 
<p>Notably, on-chain data might suggest that these support zones are being observed by major market players.</p> 
<p>If the accumulation would persist at such levels, <a href="https://www.thecoinrepublic.com/2025/03/21/ethereum-price-breaks-2k-as-holesky-shuts-down-is-a-10k-rally-coming/">Ethereum price</a> may stage a break-out and attempt to rebound.</p> 
<p>The breakout under $1,835 may signal a similar uptick in demand from buyers and imply that the recent pullback has been a reversal.</p> 
<h2 class="wp-block-heading" id="h-ethereum-price-needs-a-breakout-above-2-106-to-target-2-546"><strong>Ethereum Price Needs a Breakout Above $2,106 to Target $2,546</strong></h2> 
<p>However, according to AkaBull, for <a href="https://www.thecoinrepublic.com/2025/03/20/ethereum-price-dips-below-2k-yet-again-where-its-going/">Ethereum price</a> to continue moving upwards and establish a bullish trend, the price must break through the $2,106.</p> 
<p>An upward breakout above this level will point to further gains, with the next big level at $2,320.</p> 
<p>If bullish momentum strengthens, ETH could push toward $2,546, <a href="https://x.com/AkaBull_/status/1903342495284568069">marking</a> a 30% rally from current levels.</p> 
<div class="wp-block-image"> 
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  <img loading="lazy" decoding="async" width="679" height="355" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-871.png" alt="Source: AkaBull | X" class="wp-image-1090878" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-871.png 679w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-871-300x157.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2025/03/image-871-150x78.png 150w" sizes="auto, (max-width: 679px) 100vw, 679px">
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   Source: AkaBull | X
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<p>ETH price is still attracting much attention from traders as a breakout of the resistance level will signal an upside turn.</p> 
<p>However, if ETH could not break these resistance levels, it could stay in range-bound or move to the downside.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2025/03/24/ethereum-price-to-reverse-decline-surge-30-toward-2546/">Ethereum Price to Reverse Decline &amp; Surge 30% Toward $2,546?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Ethereum Price to Reverse Decline & Surge 30% Toward $2,546?

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