Ethereum Price Analysis: ETH Reclaims $2K but Bearish Momentum Still Persists

Ethereum is trading close to $2.1k to close out Q1 2026, and the picture remains largely unchanged from recent weeks. It’s a market that has lost more than half its value from the late-2025 highs and is struggling to build any conviction on the recovery.

Key takeaways

Quick scan — what you need to know:

• Ethereum is trading close to $2.1k to close out Q1 2026, and the picture remains largely unchanged from recent weeks.
• It’s a market that has lost more than half its value from the late-2025 highs and is struggling to build any conviction on the recovery.
• With macro headwinds persisting and altcoins broadly underperforming, ETH continues to face an uphill battle heading into the new quarter.
• Ethereum Price Analysis: The Daily Chart The descending channel that has defined ETH’s price action since late 2025 remains fully intact on the daily chart.

Background

What led here, in plain terms:

• Both the 100-day moving average (~$2.4k) and the 200-day moving average (~$3k) are declining and sitting well above the current price.
• They form a compressing wall of resistance that has rejected every meaningful recovery attempt since December last year.
• The $2.3k–$2.4k supply zone has proven particularly stubborn, as the price pushed into it in mid-March but was rejected sharply.
• The $1.8k support level also held earlier during the February capitulation wick and remains the key line in the sand to the downside.

Why it matters

Why readers and decision-makers should care:

• The post Ethereum Price Analysis: ETH Reclaims $2K but Bearish Momentum Still Persists appeared first on CryptoPotato.
• Ethereum is trading close to $2.1k to close out Q1 2026, and the picture remains largely unchanged from recent weeks.
• It’s a market that has lost more than half its value from the late-2025 highs and is struggling to build any conviction on the recovery.