As of March 19, Ethereum (ETH) price showed a minor downward trend during the last 24 hours because it dropped by 0.3%. The trading range for intraday reached $1,932.28 while decreasing to $1,874.02 which shows major market volatility. Ethereum holds its position as the second-largest cryptocurrency following a market capitalization evaluation of $233 billion.
Trading activity during the 24 hours remains consistent with a volume of $10.54 billion. During the last week, Ethereum maintained a price stability level with a decrease of 0.68% indicating a consolidation phase. Recent exchange flow data indicates a positive investor sentiment because net outflows have been increasing at various platforms and exchanges since investors shifted funds to storage systems.
Ethereum’s Bear Trap and Bullish Outlook
Merlijn The Trader, a prominent crypto trader shared the chart in his X post on March 17. The post highlights that the Ethereum market contains a “bear trap” mechanism that creates brief price drops that deceive bearish investors before an upward price recovery. This trend is like when Bitcoin markets from 2017 and the current 2024-2025 Ethereum charts.
The market trend shows Ethereum may experience an upward price movement after the bear trap while also recognizing the anticipated bullish signals as detailed in 2025 cryptocurrency reports. The chart displays how whale investors have accumulated Ethereum since 2016 and shows their current substantial purchase point outlined in the post.
Justin Sun’s $114M ETH Stake
Blockchain founder Justin Sun has invested his $114.56 million worth of 60,000 ETH in Lido through the liquid staking platform per on-chain data records. The annual yield gained through his stake by Sun will amount to 1,740 ETH provided the stake remains untouched.
The transaction was located by blockchain intelligence platform Arkham on March 18 which confirmed Sun received 60,000 stETH assets of liquid staking token from Lido. The asset functions as a trading instrument and offers possibilities to stake the same asset again to build increased earnings.
According to Arkham data Sun possesses an on-chain capital worth $1 billion primarily containing TRX alongside stETH assets. He has been increasing his Lido investment since 2021 reaching 167,670 stETH worth $314 million by the present day.
Invesco Galaxy’s Ethereum ETF Sees 543 ETH Inflow
Lookonchain posted the recent investment trends in 10 Bitcoin ETFs and 9 Ethereum ETFs up until March 18, which reveals substantial institutional participation producing BTC gains of 3,008 ($244.27 million) in Bitcoin ETFs and ETH gains of 287 ($540,000) in Ethereum ETFs. Ethereum ETF assets managed by Invesco Galaxy attracted $15.93 million worth of 8,484 ETH after receiving 543 ETH during the period.
With market dynamics aligning and liquidity trends signaling a shift, Ethereum appears to be in a classic bear trap, setting the stage for a strong bullish reversal.
Ethereum Price Analysis
ETH price is encountering significant resistance at the $2,000 threshold before it can continue upward. The price receives direct support from the 50-day moving average placed at $2,700 but faces its most essential long-term support from the 200-day moving average at $2,890. The current bearish price trend becomes evident because the 50-day Moving Average maintains a position under the 200-day Moving Average.
Neutral price conditions prevail in the market because the Relative Strength Index (RSI) shows a value of 56.36. The MACD indicator shows potential bullish signals because its line surpasses the signal line which may lead to upward trading momentum. The ongoing market activity converts to regular 24-hour trading volumes maintaining at $10.54 billion.
Current indicator signals about Ethereum’s price show an overlapping mix of bullish and bearish conditions as the price maintains a constrained trading zone. Investors need to track price acceleration indicators combined with support and resistance levels together with trading volume patterns to evaluate market potential price shifts.