▲ Ethereum (ETH) / ChatGPT-generated image

Ethereum (ETH) has broken its unprecedented six-month losing streak and is signaling a powerful rebound in March, heralding a potential major shift in the cryptocurrency market.

According to cryptocurrency analytics outlet Santiment on March 5 (local time), Ethereum recorded a nearly 20% plunge in February alone, extending its six consecutive monthly declines that began in September 2025. This marked the longest downturn in Ethereum’s history, intensifying market fear. However, as March begins, the asset is laying the groundwork for a trend reversal alongside a technical rebound. As of March 5, Ethereum has surged more than 7% in a single day and is on the verge of reclaiming the $2,100 level.

From a technical perspective, Ethereum has withstood the downward pressure from a large head-and-shoulders pattern confirmed in January and secured strong support around the key $1,750 level. Experts analyze that the recent rebound goes beyond a simple technical pullback, with smart dollar-cost averaging (DCA) signals and bottom-accumulation patterns working in combination. Notably, the Relative Strength Index has begun turning upward after exiting oversold territory, while the Moving Average Convergence Divergence indicator is approaching a golden cross, further encouraging bullish sentiment.

However, for a full-fledged bull market to take hold, Ethereum must decisively break through key resistance levels at $2,111 and $2,200 and firmly establish weekly candles above them. Analysts note that “Ethereum is finally showing meaningful improvement in supply and demand dynamics after passing through a six-month tunnel,” cautiously projecting the possibility of exceeding March’s historical average return of 9%. If the $2,200 resistance is successfully breached, the next target is expected to be the $2,400 range, where significant supply is concentrated.

The macroeconomic environment is also acting favorably for Ethereum’s rebound. Bitcoin (BTC) has recovered the $73,000 level, stimulating risk appetite across the broader market, while capital inflows into spot Ethereum ETFs have begun to regain momentum. Changes in the regulatory landscape and progress on U.S. cryptocurrency market structure legislation are providing justification for institutional investors to reconsider Ethereum as a core portfolio asset.

Ethereum now stands at a critical threshold to end its long-term downtrend and enter a new phase of price discovery, with market participants closely monitoring trading volume shifts and the breakout of key resistance levels. Some analysts suggest that the six-month slump has instead facilitated a process of supply absorption, potentially enabling lighter upward movement during a rally. Investors are watching real-time supply and demand conditions to see whether Ethereum’s envisioned March turnaround scenario will materialize.

Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses arising from its use. The content should be interpreted for informational purposes only.

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