- Ethereum holds strong with rising staking deposits reducing sell pressure.
- Key resistance at $2,100 could trigger a breakout if buyers gain control.
- A drop below $1,950 may invite selling, testing support near $1,768.
Ethereum — ETH , often turns breakouts into massive rallies. Every major breakout has led to all-time highs. The current setup looks similar to past patterns. Prices hold strong above key levels. Staking deposits are climbing, reducing the number of tokens available. Buyers are showing confidence. Technical indicators suggest a potential rally. A move above resistance could trigger a surge. A 126% gain may be in play. But will Ethereum repeat history, or will sellers take control?
Ethereum Holds Strong as Staking Inflows Increase
Ethereum ended the week with strong momentum . Optimism is growing ahead of the Pectra mainnet update. The Hoodi network deployment adds to the excitement. Donald Trump’s appearance at Blockworks’ Digital Asset Summit also sparked interest. Prices surged above $2,070 before profit-taking kicked in. The Federal Reserve decided to pause rate hikes. This decision boosted confidence in risk assets.
Many traders moved funds into smaller altcoins. However, Ethereum remains stable. As of March 23, prices hold firm above $1,950. Staking deposits have surged over the last 48 hours. More than 110,000 ETH has been locked up. Investors are looking for yield while reducing downside risk. With fewer tokens available, buyers may have to bid higher. This setup has created a bullish outlook.
Ethereum Faces a Key Test at $2,100 Resistance
Ethereum’s price action suggests a potential breakout. Buyers continue to defend key support levels. History shows that sustained accumulation often leads to massive moves. The market now waits for confirmation.
Ethereum’s technical indicators point to a critical moment. Prices are testing the middle Bollinger Band at $2,005. A breakout could send prices toward $2,100. The MACD remains positive, suggesting buyers are gaining control.
However, failure to reclaim $2,000 may bring selling pressure. A drop below $1,950 could open the door to lower levels. The next key support sits near $1,768. Trading volume remains a concern, signaling caution among investors.
