Ethereum rebounded from the $1,801–$1,924 support zone after a late-January and February decline, with momentum now testing a key resistance cluster. U.S. buying pressure, indicated by a positive Coinbase Premium Index, supported the stabilization as the RSI recovered to 51.48, signaling fading bearish momentum.
Ethereum’s price decline through February pushed it sharply toward the $1,924–$1,801 support zone, where selling pressure finally slowed. Buyers stepped in aggressively near $1,801, preventing a deeper breakdown and allowing the price to stabilize near the historically validated $1,924 level.
The Relative Strength Index recovered to 51.48 at press time, indicating bearish momentum has faded while buyers gradually regained control. However, Ethereum still trades below major trend indicators like the 20-day and 50-day Exponential Moving Averages, which continue acting as dynamic resistance.
Traders are now watching the $2,111–$2,150 resistance cluster, where the recent bounce approaches the upper boundary of a developing bearish pennant structure. If buyers reclaim this zone, momentum could extend toward $2,250–$2,300.
After the rebound, spot and exchange-flow signals indicate who supported the move. The positive Coinbase Premium Index showed ETH traded slightly higher on U.S. venues, suggesting steady spot bidding.
Meanwhile, Binance activity accelerated, with the 30-day ETH turnover jumping to roughly 29.6 million ETH, the highest since September. This lifted the exchange’s Liquidity Ratio to about 8.47, reflecting intense repositioning and higher speculative churn.
Ethereum traded near $2,128 at press time while consolidating above the $1,900 support region. This followed a sharp wick into the $1,700–$1,850 demand zone, signaling aggressive accumulation near the cycle’s lower boundary.
Fibonacci retracement levels now define the recovery structure, with the first major resistance at the 61.8% level around $2,603, often seen as critical for trend reversals. The 50% retracement near $2,985 represents the next major upside objective if momentum continues.
