Recently, notable shifts have been seen in the price of Ethereum ($ETH) as on-chain data highlights critical levels for traders and investors to watch.
The latest analysis has shown that the most significant support level for Ethereum at present is $1,870, while its stoutest resistance level is $2,050. With market moves and whale activity greatly influencing the price of Ethereum, these key levels will be important to monitor as the asset attempts to navigate through its next phase.
#Ethereum $ETH key levels to watch! On-chain data reveals $1,870 as the strongest support and $2,050 as its toughest resistance! pic.twitter.com/IBjUmQIjqU
— Ali (@ali_charts) March 14, 2025
Whale Activity and Institutional Movements
In the past five days, Ethereum has experienced huge buying activity from whales—big investors or entities that can actually move the market. In this short time, they have purchased over 420,000 ETH, which strongly indicates an accumulation phase. Now, this surge in whale buying would suggest, and is being taken, as a larger narrative of confidence being instilled in Ethereum by its bigger investors, who see it as a quasi-stable asset. Their purchases reflect, but also provide, confidence at some allegedly key support levels around $1,870, which might allow it, and not only it, but also its bigger holders, to avoid looking at new lows and consolidation before what could be taking it towards new highs.
The influence of institutional investors has played a major role in shaping Ethereum’s market price. Whales aren’t the only ones moving the needle. Ethereum ETFs (Exchange-Traded Funds) are increasingly becoming a significant way for institutions and high-net-worth individuals to gain exposure to Ethereum without having to purchase, hold, or properly manage the asset themselves. However, recent data shows that Ethereum ETFs have seen a noticeable decline in net inflows. In fact, it’s not just net inflows that have been going in the wrong direction; recent data also show that net outflows have occurred. In total, the last reported net outflow was approximately 17,000 ETH (or about $33.24 million).
Mar 14 Update:
10 #Bitcoin ETFs
NetFlow: -1,818 $BTC(-$153.11M)#Fidelity outflows 939 $BTC($79.05M) and currently holds 194,270 $BTC($16.36B).9 #Ethereum ETFs
NetFlow: -17,187 $ETH(-$33.24M)#iShares(Blackrock) outflows 8,175 $ETH($15.81M) and currently holds 1,248,688… pic.twitter.com/RNfE43PmpU
— Lookonchain (@lookonchain) March 14, 2025
One of the primary contributors to the recent outflows has been iShares, a division of the investment giant BlackRock. Over the past few days, iShares has withdrawn 8,175 ETH, worth approximately $15.81 million. While this might seem like a concerning development at first glance, iShares still holds a very substantial position in Ethereum, with over 1.24 million ETH, or $2.41 billion at current market prices. This very substantial holding reflects BlackRock’s continued confidence in Ethereum’s potential, even as some assets are liquidated.
Support and Resistance: Crucial Levels to Watch
In this unstable atmosphere, the price of Ethereum is oscillating, and two essential price points are coming to the forefront: $1,870 as the main support and $2,050 as the resistance ceiling.
The area around $1,870 has proven to be a robust support level. On-chain data confirms this as the price level where demand is likely to kick in and prevent Ethereum from correcting any more deeply. If prices dip toward that level, they present a pretty good buying opportunity for anyone looking to enter the Ethereum market at comparatively lower prices. If, however, prices were to break below that level, one would have to interpret that on-chain demand had failed and that further bearish momentum could be expected.
Conversely, the $2,050 resistance stands as a formidable barrier for Ethereum to breach. This price level has served as a cap, restricting price increases on several occasions. For Ethereum to push past this resistance level, it probably needs to have continued astoundingly bullish price action. If Ethereum were to overcome the $2,050 strong resistance and hold up above that price level, it might just be the new catalyst to trigger a wave of buying that would push the price of the asset much higher and reestablish an upward trajectory.
The Future of Ethereum Amid Changing Market Conditions
Even with the recently seen outflows from Ethereum ETFs, the much bigger picture for Ethereum is an optimistic one. Institutional players are now involved in Ethereum, and those “whale” investors who tend to accumulate and hold large amounts of Ethereum are still doing so. So, these two groups certainly seem to convey Ethereum’s recent long-term strength.
Ethereum’s ongoing transition to Ethereum 2.0 and the wider Layer 2 adoption not only fortify its standing as a leading blockchain platform but increasingly enable it to realize another aspect of its promise: a potential to be a mainstay in the cryptocurrency space.
To sum up, even though we cannot avoid short-term volatility, the present market forces seem to confer a level of support at about $1,870 and a level of resistance at about $2,050 that Ethereum is struggling with. Whale activity continues to be dominant. Institutional players appear to be quite comfortable holding these assets, and with the price largely oscillating between these two levels, I would maintain that things seem to be going okay in terms of the overall health of the Ethereum asset and its market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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