Ethereum News: Short-Term Rally Hints at Possible Support Base, Despite Worst Q1 in a Decade

Ethereum (ETH) has been experiencing volatile price movements recently, with a short-term rally hinting at a possible support base around the $1,880–$1,900 range. However, the cryptocurrency has also faced its worst first quarter in a decade, raising questions about its future trajectory.

Ethereum (ETH) Price Prediction for March 17

Ethereum (ETH) is currently trading at $1,894, up 0.63% in the last 24 hours but down 29.94% in the past 30 days. The short-term rally and medium-term decline show ETH’s price complexity. The 10-day and 20-day moving averages are converging NEAR the current price, indicating a possible support base around the $1,880–$1,900 range, suggesting short-term buyers might be gaining traction.

Ethereum’s worst Q1 in a decade! – Mapping ETH’s road ahead.

Ethereum faced its worst start in a decade with a 47% Q1 drop and sell-side dominance. ETH struggled with exhaustion and lackluster recovery, making a rebound to its all-time high uncertain. For the first time in the last ten years, Ethereum has posted three consecutive months of losses to kick off a calendar year. From January to March 2025, ETH has dropped a staggering 47.63%, marking its worst Q1 on record.

Ethereum (ETH) Holds Critical $1,900 Support

Recent data has identified a crucial support level for Ethereum (ETH) just below $1,900. Approximately 3.56 million ETH was acquired between the price range of $1,843 and $1,900. This accumulation suggests significant buy-side interest at this level, which could act as a safety net against further price declines. Ethereum’s current price stands at $1,905.68, hovering just above this key range.

Ethereum Price Forecast Revised by Standard Chartered

Ethereum (ETH) consolidates below $2,000 as Standard Chartered alters its prediction for 2025. Geoffrey Kendrick, the Global Head of Digital Assets Research at Standard Chartered, lowered the bank’s expectations for Ethereum’s price in 2025, reducing the price target from $10,000 to $4,000. Ethereum remains range-bound and needs to overcome a key descending trendline resistance to break out.