Ethereum price outlook as foundation unveils Strawmap for network upgrades

Ethereum price analysis

This sideways structure suggests the market is attempting to build a base following weeks of heavy distribution.

The $2,100 level now stands as immediate resistance and represents the upper boundary of the current range. A decisive daily close above this area would mark the first meaningful higher high on the daily timeframe and could open the path toward $2,300, where prior breakdown momentum accelerated.

Beyond that, $2,500 remains a major resistance zone, having previously acted as structural support before the January collapse.

On the downside, $1,900 continues to serve as critical short-term support. A break below that level would expose the $1,800 area, the site of the February wick low, as the next major demand zone.

Momentum indicators are beginning to show early signs of improvement. The Aroon Oscillator has flipped back into positive territory after an extended period of negative readings, indicating that bearish dominance is weakening.

Meanwhile, Bull-Bear Power has shifted from deeply negative levels to printing green histogram bars above the zero line, suggesting that buying pressure is gradually returning.

Together, these signals point to a transition from capitulation to accumulation. However, confirmation of a trend reversal requires a clean breakout above $2,100 and sustained follow-through. Until then, Ethereum remains in a consolidation phase, balancing improving technical momentum against overhead resistance.