$ETH Major Support
$2,000 (psychological support)
$1,950 – $1,910 strong demand zone
$1,800 – $1,750 long-term support �
WazirX +1
If ETH breaks $1,950, a deeper correction toward $1,800 may occur.
Major Resistance
$2,080 – $2,150 immediate resistance
$2,200 – $2,340 major breakout zone �
WazirX +1
If Ethereum breaks $2,150, the next move could target $2,300+.
3. Technical Indicators
RSI (Relative Strength Index)
RSI is around 46–48, indicating neutral momentum. �
Meyka +1
Meaning:
Not overbought
Not oversold
Market waiting for direction.
Moving Averages
ETH is currently below several major moving averages, indicating the broader trend still has some bearish pressure. �
www.capitalstreetfx.com
Trend Strength
Indicators such as ADX above 30 suggest a strong trend is forming in the market. �
Meyka
4. Market Structure
Ethereum currently shows three phases.
1️⃣ Accumulation Zone
Large buyers accumulated ETH between:
$1,800 – $2,000
This zone has acted as strong demand support.
2️⃣ Consolidation Phase
Currently ETH is moving between:
$2,000 – $2,150
This is a sideways market while traders wait for the next breakout.
3️⃣ Breakout Scenario
If ETH breaks $2,150, next targets may be:
$2,300
$2,450
$2,600
Some short-term forecasts expected around $2,260 range in March during recovery phases
