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
In addition, Ether’s open interest hit an all-time high on March 21, fueling investor optimism that large traders are positioning for a rally past $2,400.
Source: Coinglass
Despite encouraging crypto regulatory developments—such as the US Securities and Exchange Commission dropping its lawsuit against Ripple—Ether has struggled to gain significant momentum.
Some analysts believe that both traditional and cryptocurrency markets will remain under pressure from global trade war concerns until at least early April when nations might finally resolve the retaliatory tariffs.
