BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Ethereum’s $ETH Correction Deepens: Will $2,000 Hold or Break? Here is What Investors Need to Know

by Matoy
March 9, 2025
in Crypto, DeFi, Investing, Opinion
A A
Ethereum’s $ETH Correction Deepens: Will $2,000 Hold or Break? Here is What Investors Need to Know
13
SHARES
Share on TwitterShare on Reddit
  • Ethereum dips closer to $2,000 as bearish sentiment dominates the market.
  • Fibonacci retracement suggests a potential reversal, but momentum remains weak.
  • A break below key support could trigger a deeper sell-off.

Ethereum’s price has been on a steady decline, with sellers pushing it closer to the crucial $2,000 level. After briefly trading above $2,200, ETH has been losing ground, showing signs of exhaustion in bullish momentum. The recent drop as seen in the CoinGecko chart aligns with the broader market correction, as many altcoins follow Bitcoin’s lead in a pullback phase.

While some traders anticipated a bounce around $2,100, that level failed to hold as support, allowing further downside movement. Now, ETH is testing a zone that has historically been an area of high interest. If buyers step in at $2,000, a short-term reversal could play out, but if this level breaks, it could trigger a sharper decline toward $1,900 or lower.

$ETH – #Ethereum is so undervalued right now. I think we will see a big green candle soon. pic.twitter.com/YTJYsIHUmp

— Crypto Fella (@CryptoFellaTx) March 9, 2025

Ethereum Struggles to Maintain Momentum

Examining Ethereum’s recent pullback through Fibonacci retracement, the price has now dipped into a region where a potential bounce could occur. The 61.8% retracement level sits right near the $2,000 mark, which often acts as a key turning point in price action. If Ethereum holds above this range, traders may see a rebound toward $2,100 or even $2,150.

On the flip side, losing this level would be a major warning sign. If ETH falls below the Fibonacci golden pocket, it could lead to further liquidation, potentially testing deeper supports near $1,850. Market participants should watch how price reacts at these key levels in the coming sessions.

CoinGecko

Bollinger Bands Suggest Increased Volatility

Ethereum’s Bollinger Bands have started widening, a classic sign of increasing market volatility. The price has been riding the lower band, which suggests that ETH is currently oversold. This could lead to a relief rally if buyers regain control. However, without strong demand, any rebound could be short-lived.

If Ethereum manages to reclaim the mid-band, which aligns with the $2,100 resistance zone, it could indicate the beginning of a recovery. But if the price remains stuck below, it may signal that further downside is still on the table. Traders should stay cautious and look for confirmation before making any major moves.

Ethereum was created in 2015 by Vitalik Buterin and a team of developers with the vision of building a decentralized platform for smart contracts and applications. Unlike Bitcoin, which primarily serves as digital gold, Ethereum powers an entire ecosystem of decentralized finance (DeFi), NFTs, and blockchain-based innovations.

As ETH hovers around $2,000, traders are on edge. If this level holds, Ethereum could see a recovery, but if it breaks, a deeper correction could unfold. All eyes are now on whether buyers can defend this key support zone.

Tags: ethethereum
Tweet3ShareShare5

DON'T MISS THESE! HOT OFF THE PRESS

TRX Finds Its Floor as IPO Hype and Political Buzz Stir Up the Market
Crypto

TRX Finds Its Floor as IPO Hype and Political Buzz Stir Up the Market

June 21, 2025
Dogecoin to $5? One Analyst Thinks It’s Coming—and Has Charts to Back It Up
Crypto

Dogecoin to $5? One Analyst Thinks It’s Coming—and Has Charts to Back It Up

June 21, 2025
Solana vs Litecoin: Who’s Closer to That Sweet ETF Approval?
Crypto

Solana vs Litecoin: Who’s Closer to That Sweet ETF Approval?

June 21, 2025
Binance Coin Builds Tension Beneath Resistance as Traders Brace for Impact
Binance BNB

Binance Coin Builds Tension Beneath Resistance as Traders Brace for Impact

June 21, 2025
XRP Ledger Shatters Record with 5.1 Million Transactions in a Day
Crypto

XRP Ledger Shatters Record with 5.1 Million Transactions in a Day

June 21, 2025
Ethereum Might Be Way Too Cheap… If Stablecoins Blow Up
Crypto

Ethereum Might Be Way Too Cheap… If Stablecoins Blow Up

June 21, 2025
Load More

Related News

TRX Finds Its Floor as IPO Hype and Political Buzz Stir Up the Market

TRX Finds Its Floor as IPO Hype and Political Buzz Stir Up the Market

June 21, 2025
Dogecoin to $5? One Analyst Thinks It’s Coming—and Has Charts to Back It Up

Dogecoin to $5? One Analyst Thinks It’s Coming—and Has Charts to Back It Up

June 21, 2025
Solana vs Litecoin: Who’s Closer to That Sweet ETF Approval?

Solana vs Litecoin: Who’s Closer to That Sweet ETF Approval?

June 21, 2025
Binance Coin Builds Tension Beneath Resistance as Traders Brace for Impact

Binance Coin Builds Tension Beneath Resistance as Traders Brace for Impact

June 21, 2025
XRP Ledger Shatters Record with 5.1 Million Transactions in a Day

XRP Ledger Shatters Record with 5.1 Million Transactions in a Day

June 21, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.