Ethereum

bullish

<p>While the Ethereum price successfully retests its important resistance level of $2,100, marketers remain highly skeptical about this altcoin breaking out of its $2,200 barrier anytime soon.</p> 
<p>Reportedly, the Ether ETFs are constantly bleeding with an outflow streak of 13 days. During this period, the <a href="https://farside.co.uk/eth/" target="_blank" rel="noreferrer noopener nofollow">Ethereum ETF</a> has lost over $403.64 million, highlighting a strong selling-over-buying pressure for the altcoin in the cryptocurrency market.</p> 
<p>Despite a bullish trend pattern for the ETH price, the technical sentiments remain highly volatile and indicate a potential pullback shortly. Let us understand the possible short-term Ethereum price prediction to uncover the potential mysteries!</p> 
<h2 class="wp-block-heading" id="ethereum-price-forms-a-flag-pattern">Ethereum Price Forms A Flag Pattern!</h2> 
<p>After successfully retesting its low of $1,930, the Ethereum price today has successfully retested its $2100 for the first time in 14 days. However, the largest altcoin has now formed a flag pattern in the hourly time frame, suggesting an increase in the bullish influence in the crypto space.</p> 
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  <img loading="lazy" decoding="async" width="860" height="461" src="https://www.cryptotimes.io/wp-content/uploads/2025/03/Ethereum-TetherUS-Price-Chart-860x461.png" alt="Ethereum-TetherUS Price Chart" class="wp-image-247874" title="Ethereum Price Hits $2,100! Will ETH Break Its Barrier Of $2.2k? 7">
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   Source: <a href="https://www.tradingview.com/x/tWclHKwk/" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>
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 </figure>
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<p>The Relative Strength Index (RSI) is extremely bullish in the 1H time frame. However, the 14-day EMA has experienced a bearish convergence around the overbought range. This suggests a significant rise in the volatility of the <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noreferrer noopener nofollow">Ethereum price</a> in the shorter time frame.</p> 
<h2 class="wp-block-heading" id="is-ethereum-a-good-investment">Is Ethereum A Good Investment?</h2> 
<p>Suppose, the market favors the bulls, in that case, the price of ETH could retest the $2,100 mark, its immediate resistance trendline. Maintaining the price above that level could set the stage for this altcoin to head toward its upper price target of $2,155 shortly.</p> 
<p>However, a strong rejection around its resistance to flag pattern could result in it retesting its support of $2,065. Furthermore, if the bearish sentiment sustains, the Ethereum price could bleed and potentially retest its low of $2,000 this week.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2025/03/24/xrp-and-solana-lead-crypto-inflows-as-ethereum-struggles/" target="_blank" rel="noreferrer noopener">XRP and Solana Lead Crypto Inflows as Ethereum Struggles</a></p> 
</blockquote>

Ethereum Price Hits $2,100! Will ETH Break Its Barrier Of $2.2k?

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The Crypto Times

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