TL;DR:

Critical support at $2,000: After weeks of volatility due to U.S.-Iran tensions, ETH manages to consolidate, sparking investor optimism.

Whale accumulation: Firms such as Tom Lee’s BitMine have increased their positions, acquiring an additional 61,000 ETH to reduce circulating supply.

Opposing scenarios: While some analysts project a new all-time high, others warn of key resistances that could force a downturn.

This Tuesday, the crypto market finally breathes a sigh of relief following President Donald Trump’s statements regarding the conclusion of the conflict with Iran. In this context, Ethereum led the sector’s recovery, with a 3% increase to trade around $2,070.

This geopolitical stabilization occurs at a crucial moment for the second-largest cryptocurrency in the sector. As the conflict ceases, sentiment immediately shifts toward accumulation, moving away from the massive liquidations seen in February.

Level Analysis: Between the “Discount” and Resistance

Analyst Merlijn The Trader notes that ETH’s current structure mimics the 2023 pattern, placing the price in a “discount zone.” According to his technical vision, maintaining $2,000 as solid support is the necessary condition to project a long-term rally toward $10,000.

On the other hand, whale behavior supports the bullish thesis. BitMine executed purchases worth $123 million, increasing its reserves to over 4.5 million coins. This absorption of liquidity typically precedes upward moves if retail demand remains constant.

However, volatility lurks. Traders like Crypto Tony warn of possible resistance at $2,060 – $2,150. If the asset fails to strongly reclaim these levels, the short squeeze scenario could reverse into a technical correction toward new local lows.

In summary, Ethereum’s success will depend on its ability to flip the $2,150 level into support. If trading volume accompanies the breakout, the path toward $2,500 will be clear; otherwise, sideways movement will persist.

---

Filed under: News - @ March 10, 2026 8:29 pm