Ether needs to regain the “macro” range above $2,200 to build additional upside momentum, as global macroeconomic concerns continue to pressure crypto markets at least until early April.
Ether (ETH), currently priced at $2,098, has dropped over 51% in the past three months after peaking above $4,100 on December 16, 2024, according to TradingView data.
Source: TradingView
To reverse this downward trend, Ether needs to regain the “macro range” above $2,200, as noted by crypto analyst Rekt Capital in a March 19 post on X:
“If ETH can produce a strong reaction here, it stands a chance to reclaim the $2,196–$3,900 macro range (black),”
Ethereum has dropped into this historical demand area (light blue)
If price can generate a strong enough reaction here, then #ETH will be able to reclaim the $2196-$3900 Macro Range (black)
If ETH does this before the March Monthly Close, then this entire sub-$2200… pic.twitter.com/Fj4JYeGcBq
— Rekt Capital (@rektcapital) March 19, 2025
