2026-03-02 09:30:43
Ethereum (ETH) has declined for six consecutive months, setting a recent record. Can the key support level of $1900 hold?
Ethereum (ETH) has been declining for six consecutive months recently, with prices affected by multiple market pressures such as whale fund dispersion, derivatives market sell-offs, and macroeconomic uncertainties. On the technical side, ETH is in a recovery phase, with a key resistance at $2,000 and support at $1,880. Vitalik Buterin stated that AI tools are expected to accelerate Ethereum development and enhance security. Some institutions remain optimistic about ETH's long-term price prospects, with Standard Chartered predicting it could reach $7,500, while VanEck is bullish and expects it to hit $10,000.