Our recent Ethereum trading blogs have been less popular than a year ago.
In fact, some of our metal blogs are getting more attention right now.
Still, Ethereum is the second-largest crypto in the world. It remains a key indicator for the broader altcoin market. When ETH moves, alts usually follow.
So with Ethereum around 2000, a major psychological level, it is time to look at the charts again. Even if you are not actively trading it, understanding ETH gives you context for the entire market.
And if you are here reading trading content while others scroll memes, I salute you. Hard work compounds over time.
Ethereum 2000: Why This Level Matters
Ethereum recently bounced from a 10-month low around $1,757. From there, price recovered more than 15% and traded between $2,000 and $2,150.
However, ETH failed to hold above the $2,000 level. That rejection pushed price back toward $1,900. Now we are hovering just above $2,000 again, but momentum looks fragile.
The zone between $1,900 and $2,100 is crucial.
If Ethereum loses $1,900 on a strong weekly close, the structure weakens significantly. In that case, the next liquidity pockets sit around:
- $1,740
- $1,600
- Possibly even $1,300
On the other hand, if ETH reclaims and holds above $2,010–$2,100, the bounce scenario becomes more likely.
Right now, the market sits at decision time.
Weekly Structure: Still in a Macro Correction?
Some traders argue that Ethereum has been in a prolonged macro correction since 2021.
The idea is simple:
- 2019–2021 was the true impulsive bull move
- 2022 was the brutal correction
- The 2023–2024 rally may have been a counter-trend bounce
- A final shakeout could still be needed
From this perspective, ETH may require one last liquidity sweep lower before a real long-term bull continuation begins.
That could mean:
- A deeper flush toward $1,600
- Extreme fear
- Maximum bearish positioning
Then only after that, the “real” expansion phase.
It sounds dramatic. But crypto cycles often end with pain.
Short-Term Chart: Bullish Divergence vs Heavy Selling
Despite the bearish narrative, there are signs of strength.
On-chain data shows that large Ethereum whales have accumulated aggressively. Addresses holding between 1 million and 10 million ETH added more than 1.1 million ETH recently. That equals roughly $2 billion at current prices.
At the same time, technical charts show a bullish divergence:
- Price made a lower low
- RSI made a higher low
That signals weakening downside momentum.
However, short-term holders are selling into strength. Recent coin movement in the 7–30 day age band has surged massively. Historically, that type of activity has capped rallies.
So we have a tug-of-war:
Whales buying.
Short-term traders selling.
Derivatives heavily short.
Liquidation data shows almost 80% of leveraged positions are short. That creates fuel for a potential short squeeze. But it also shows that the market still expects lower prices.
Key Ethereum Price Levels To Watch
Forget narratives for a moment. Focus on levels.
Support:
- $1,890 (critical)
- $1,740 (recent low)
Resistance:
If ETH holds above $1,890 and pushes through $2,010 with strength, a 10% bounce toward $2,140 becomes realistic.
If $1,890 breaks on strong volume, the downside opens quickly.
That is the battlefield.
BlackRock, Bitmine and Institutional Positioning
While retail sentiment is extremely fearful, institutions are not stepping away.
BlackRock increased its exposure to Bitmine shares by 166% in Q4 2025. Bitmine is a digital asset treasury company heavily exposed to Ethereum.
Meanwhile, Goldman Sachs disclosed over $1 billion in Ethereum ETFs.
Larry Fink has repeatedly highlighted tokenization as a major theme. Ethereum currently dominates tokenized real-world assets.
Even with ETH down roughly 60% from its highs, Wall Street continues accumulating.
Does that guarantee upside? No.
But it tells you that smart money sees long-term value.
Still trading on Binance despite all the FUD? Bad move, here is why.
Ethereum 2000: Bear Trap or Breakdown?
Here is my honest view.
Price action still looks heavy. It feels like ETH wants lower. Momentum is not explosive. Volume is not convincing.
However, Ethereum has already dropped significantly. Fear is elevated. Bearish positioning is crowded.
This is exactly the kind of zone where a bounce can trap late shorts.
If ETH pushes above $2,010 and starts liquidating shorts, the move could be sharp and fast. Not a new bull market. Just a relief rally.
And sometimes that is enough.
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My Personal Trade Plan
Honestly, I am sitting out on ETH right now.
My trading focus is more on BTC and Solana. For alts, I am watching ZRO, HYPE and XRP more closely.
Still, Ethereum remains a temperature gauge for the altcoin market. If ETH collapses, most alts follow. If ETH bounces, sentiment improves across the board.
If you are trading Ethereum:
- Respect $1,890 support
- Watch $2,100 resistance
- Use proper position sizing
- Do not overleverage
If you are DCA’ing spot, anything below Ethereum 2000 is historically an interesting zone to start building exposure.
Just manage risk.
Final Words
Ethereum at 2000 is not just a price. It is a psychological battleground.
Bears are confident.
Whales are accumulating.
Institutions are not leaving.
One strong move above resistance could squeeze shorts hard.
One weekly close below support could trigger another leg down.
Stay sharp.
Stay patient.
And remember, in crypto, survival is the real alpha.
If you enjoyed this blog, be sure to check out our blog on lessons from NFT traders.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
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