Ethereum traded above $2,100 at the start of the new month as one analyst framed its next major move around a single invalidation level. The analyst said holding $1,382 keeps an Elliott Wave “Wave 2” setup intact with an upside target as high as $8,400, while a break could open the door to a drop below $900 with chart projections between $800 and $500.

Crypto analyst Sykodelic said in an X post that Bitcoin's "bleed" is close to ending and argued BTC is unlikely to fall into the $40,000 range, pointing to how 2022 dip buyers waiting for $12,000 were sidelined. He outlined a scenario around a deviation near $60,000 and a potential move back above $74,400, while Willy Woo separately flagged model-based bottom estimates between $46,000 and $54,000. At the time of writing, BTC traded around $68,600, up over the past 24 hours.

Ethereum is hovering just above the $2,000 psychological level, but a TradingView analysis by RLinda frames the move as a counter-trend correction rather than a sustainable rebound. The 2-hour chart shows lower highs and lower lows after a rejection near $2,380 in mid-March, with weekend trading dipping into the $1,960–$1,990 zone. RLinda highlights resistance between $2,024 and $2,062 and says a failed breakout could open the way toward a $1,900 support area.

Bitcoin is trading around $66,400, nearly 48% below its October 2025 all-time high of $126,080. A technical setup highlighted by Leshka.eth points to $60,000 as a decisive support zone, while a break could shift focus to a macro trendline near $40,000.

Coinglass data shows Solana's total futures open interest across exchanges at $5.44 billion (about 65.12 million SOL), returning to levels last seen around April 2025. The pullback follows a peak near $15 billion to $16 billion in mid-September 2025, and SOL was trading at $83.51, down 2.7% over the past 24 hours at the time of writing.

Bitcoin peaked slightly above $126,000 in October 2026 and has fallen by more than 40% since then, repeatedly dipping below $70,000 and raising concerns about a potential bear-market phase. Despite the drawdown, a set of 30 bull-market peak signals tracked on Coinglass has not triggered, with some measures showing late-cycle progress but still short of their historical peak conditions.

Ethereum rebounded above $2,100 after recent volatility, but on-chain watchers say some large holders have shifted from accumulation to selling. A dormant wallet reportedly sent 15,000 ETH (about $30.97 million) to Coinbase, and another whale sold 15,002 ETH on March 23 for roughly $30.97 million. With ETH around $2,100 and down more than 5% over the past seven days, continued large sell-offs could add pressure and test $2,000.

Ethereum whale wallets holding more than 100,000 ETH have moved back into profit as ETH trades above $2,150. CryptoQuant says this is the first time these addresses have been profitable since early February 2026, prompting debate over whether whales will hold or take profit. Analysts highlighted potential upside targets and a possible sell wall near $2,350.

Bitcoin has stayed below $100,000 for four straight months after first clearing that level in 2024, a stretch the article describes as consistent with bear-market conditions. Crypto Tice argues retail activity has fallen sharply since BTC set an all-time high, with the biggest drop coming from transactions under $10,000. The analyst says upside may remain capped until retail share rises above 10% again, after peaking at 30% at the start of 2025.