ETH Surges $2,013 Before Pulling Back, Charts Signal Consolidation Phase

TheNewsCryptoPublished on 2026-03-09Last updated on 2026-03-09

Abstract

The cryptocurrency market saw a modest 0.49% increase, reaching a total market cap of $2.31 trillion, while the Fear and Greed Index remained at 19, indicating extreme fear for over a month. Ethereum (ETH) surged to a high of $2,013 before pulling back to $1,975, marking a 1.2% daily gain. Trading volume spiked over 80% to $20 billion. Despite this, ETH is down 3% over the past month and nearly 60% from its August 2025 peak of $71.93 million was liquidated in 24 hours, with longs accounting for $36.16 million. Technical analysis indicates ETH is in a consolidation phase between $1,820 and $2,100 after a prolonged downtrend. The RSI is at 44, and the MACD shows a positive crossover, though momentum remains bearish. Key resistance levels are at $2,020 and $2,100, with support near $1,920 and $1,850. A breakout above resistance could push ETH toward $2,200, while a drop below support may trigger further declines.

The day began with a modest uptick, as the overall crypto market rose 0.49%, bringing the total market capitalization to $2.31 trillion. Meanwhile, the Crypto Fear and Greed Index has remained at 19 extreme fear for over a month, reflecting persistent market caution.

According to CoinMarketCap, ETH reached a high of $2,013 today, and while writing the article, it was trading at $1,975, up 1.2% over the last 24 hours. Also, its daily trading volume has surged over 80% and stands at $20 billion. Overall, Ethereum is down over 3% for a month and down nearly 60% from its last peak at $4,953 at August, 2025.

With that, the CoinGlass derivatives data show that the open interest in the last 24 hours has increased by about 2.76%, where the liquidations data show that in the last 24 hours, around $71.93 million were wiped out, with the long position standing at $36.16 million.

ETH Charts Signal Consolidation Phase

While seeing the 1D chart of ETH/USD, it is posting a modest daily gain after a prolonged downtrend seen from mid-January to early February, as the price has entered a consolidation phase between roughly $1,820 and $2,100. While the technical indicators show slight improvement in momentum, while staying in the bearish zone. While the RSI is sitting at 44, and the MACD line is showing a positive crossover

With that, ETH faces short-term resistance at $2,020 and key resistance near $2,100, and a clear breakout might push the price toward the $2,200 level. On the downside, Ethereum’s major support is near at $1,920, and further down, it might reach the $1,850 level, below that, which may trigger another downward momentum

Highlighted Crypto News:

XRP Faces Critical Test: Recovery Ahead or Extended Bear Market?

TagsCryptocurrencyETHETHEREUM

Related Questions

QWhat was the high price of ETH reached today and what was its trading price at the time of writing?

AETH reached a high of $2,013 and was trading at $1,975 at the time of writing.

QAccording to the charts, what phase has the ETH/USD price entered?

AThe ETH/USD price has entered a consolidation phase between roughly $1,820 and $2,100.

QWhat does the Crypto Fear and Greed Index reading of 19 indicate about market sentiment?

AA reading of 19 indicates a state of 'extreme fear' in the market, reflecting persistent caution among investors.

QWhat are the key resistance and major support levels for Ethereum mentioned in the article?

AThe key resistance level is near $2,100, and the major support level is near $1,920.

QHow much did the open interest change and what was the total value of positions liquidated in the last 24 hours?

AThe open interest increased by about 2.76%, and a total of $71.93 million in positions were liquidated.

Related Reads

TechFlow Intelligence Agency: Anthropic Calls for Global Pause in AI Development While Preparing for Trillion-Dollar IPO; SpaceX IPO Roadshow Heats Up, But S&P 500 Rejects Fast-Track Inclusion

In today's TechFlow Intelligence Briefing, several major tech stories highlight a growing theme of trust and credibility gaps across AI, crypto, and finance. AI company Anthropic has publicly called for a global pause in AI development, citing risks from Claude's "recursive self-improvement." Ironically, this coincides with reports the company is preparing for a massive IPO targeting a near $1 trillion valuation. This perceived hypocrisy, coupled with widespread user complaints about Claude's declining performance, is sparking debate over whether the safety warning is genuine or a competitive tactic. Meanwhile, in a substantive security move, Anthropic open-sourced a framework for AI-powered vulnerability discovery. In the crypto market, Bitcoin's price drop below $61,000 triggered over $1.16 billion in liquidations, flipping the market into a state where more BTC is held at a loss than at a profit, a historical bearish signal. On the corporate front, SpaceX's highly anticipated IPO is generating immense Wall Street excitement, with Goldman Sachs projecting 100x revenue growth by 2030. However, the S&P 500 has refused to fast-track the company's inclusion post-IPO, potentially limiting immediate institutional demand. Separately, ByteDance's AI app Doubao lost over 6 million monthly active users after introducing a subscription model, highlighting the challenges of AI monetization. Other notable developments include Nvidia certifying HBM4 memory from Samsung, SK Hynix, and Micron; Cloudflare's acquisition of front-end tooling company VoidZero; and its CEO warning that bot traffic now exceeds human traffic online. The underlying narrative connects these events: a trust crisis. From AI firms' contradictory actions and crypto volatility to the clash between SpaceX's hyped narrative and institutional rules, a pattern is emerging where stated intentions and actual practices are increasingly misaligned.

marsbit14m ago

TechFlow Intelligence Agency: Anthropic Calls for Global Pause in AI Development While Preparing for Trillion-Dollar IPO; SpaceX IPO Roadshow Heats Up, But S&P 500 Rejects Fast-Track Inclusion

marsbit14m ago

Dalio Warns: AI Boom Shows Signs of a Bubble, Day of Reckoning Will Be the Time of Burst

Ray Dalio, founder of Bridgewater Associates, warns that the current artificial intelligence investment boom shows classic signs of a bubble, which he expects will eventually burst. In a Bloomberg Television interview, he noted that great technological revolutions often lead to capital inflows that create bubbles, making it difficult for investors and companies to calibrate their spending accurately—either overspending to capture market share or underspending and losing their competitive position. This caution comes amid significant rallies in AI-related assets, particularly chipmakers, driven by soaring demand for data centers and high-bandwidth chips, raising debates about overheating valuations. In contrast, Nvidia CEO Jensen Huang recently asserted that investors embracing the AI wave would see "crazy" returns and dismissed concerns over return on investment for data center spending as outdated. Dalio, however, focuses on the risks in the profit realization phase. He argues that bubbles tend to show signs of破裂 when markets transition from investment to the need for tangible returns, describing the burst as a process of converting paper wealth into cash. While acknowledging AI's intrinsic value, he expressed concern over the future profitability of some AI companies, suggesting the market is repeating a familiar pattern. The 76-year-old billionaire, who fully exited Bridgewater in 2025, has a net worth estimated at $21.5 billion according to the Bloomberg Billionaires Index.

marsbit48m ago

Dalio Warns: AI Boom Shows Signs of a Bubble, Day of Reckoning Will Be the Time of Burst

marsbit48m ago

Privacy Coin Crisis of Confidence! ZEC Plunges Over 56% in a Single Day

Zcash (ZEC), a leading privacy-focused cryptocurrency, experienced a severe crash on June 5th, plummeting over 56% in a single day and erasing nearly two months of gains. The flash crash was triggered by the disclosure of a critical zero-knowledge proof vulnerability within Zcash's Orchard privacy pool, which had existed since the pool's launch in May 2022. The flaw theoretically allowed an attacker to forge unlimited ZEC undetectably due to the pool's privacy features. The vulnerability was discovered on May 29th by independent security researcher Taylor Hornby during a proactive audit commissioned by Shielded Labs, utilizing AI-assisted analysis. The Zcash development team responded swiftly, implementing an emergency soft fork to disable Orchard transactions on June 2nd and executing a permanent hard fork fix (NU6.2) on June 3rd. Despite the technical fix, a major crisis of confidence emerged. The core issue is that Orchard's privacy design makes it cryptographically impossible to prove whether the vulnerability was exploited over the past four years, casting permanent doubt on the historical supply integrity of ZEC. While Shielded Labs argues exploitation was unlikely, the inability to provide definitive proof has severely damaged market trust. This sentiment was exacerbated when BitMEX co-founder Arthur Hayes, a prominent ZEC supporter, announced he was selling his entire position. He stated that privacy assets require "perfect security" rather than "probable safety." The combined effect of the disclosure and Hayes's exit ignited widespread panic selling, leading to massive liquidations and significant price decline. Analysts note the event highlights a fundamental tension within privacy coins: the conflict between verifiable supply and cryptographic privacy.

链捕手51m ago

Privacy Coin Crisis of Confidence! ZEC Plunges Over 56% in a Single Day

链捕手51m ago

Bitcoin Demand Falls At Fastest Pace Since LUNA Collapse: Data

On-chain data indicates that Bitcoin's total demand has sharply declined over the past month, contracting at its fastest rate since the collapse of the Terra/LUNA ecosystem in May 2022. This "demand" metric, tracking the combined flow of Bitcoin into spot and derivatives markets, has recently plummeted to a 30-day negative change of 501,000 BTC. Analysts note the recent price surge in April and early May was driven solely by speculative futures demand, while spot demand contracted—a pattern historically unsustainable for rallies. With both spot and futures demand now shrinking, the pace of contraction echoes the post-LUNA collapse period. Concurrently, Bitcoin's price has dropped to around $63,200, its lowest level since February.

bitcoinist1h ago

Bitcoin Demand Falls At Fastest Pace Since LUNA Collapse: Data

bitcoinist1h ago

Bitcoin Falls To $61,300 As Mt. Gox Moves BTC, Raising Selloff Concerns

Bitcoin fell to around $61,300 as markets reacted to Mt. Gox moving funds, raising selloff concerns. The defunct exchange transferred 116.3 BTC (worth ~$8.16 million) directly to Bitstamp, following a larger earlier move of 10,422.65 BTC (~$739 million) to a new wallet. The trustee is working towards the final creditor repayment deadline of October 31, 2026. While most eligible creditors have been repaid, roughly 24,081 BTC (~$1.55 billion) remains under Mt. Gox control, and its on-chain movements are closely watched for potential market pressure. Bitcoin later recovered above $64,000.

bitcoinist1h ago

Bitcoin Falls To $61,300 As Mt. Gox Moves BTC, Raising Selloff Concerns

bitcoinist1h ago

Trading

Spot
Futures

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ETH (ETH) are presented below.

活动图片

Top Questions