There are still doubts in the market about whether ETH can truly harden this time. Currently, ETH is still in a downward trend, and it is not advisable to be blindly optimistic in the short term. Key points to pay attention to include:
📊 Technical aspect: Can it hold above 2,200?
Whether ETH can successfully reclaim and hold above $2,200 in March is an important technical signal.
• If it successfully holds above 2,200, the next step could challenge higher targets.
• If it fails to reclaim 2,200, the short-term trend remains weak, and the market may continue to fluctuate or even correct.
In addition, Standard Chartered's analysts have lowered their 2025 ETH target price expectation from $10,000 to $4,000, reflecting the market's cautious attitude towards ETH's future trends.
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📢 News aspect: What factors influence ETH?
ETH's future trend is also influenced by several key messages, including:
• Pectra upgrade progress: Will Ethereum's next major technological upgrade have a positive impact?
• Staking approval progress for ETH spot ETF: If approved, it could bring new institutional funds into the market.
• Institutional adoption: Are institutions like WisdomTree (WLFI) continuing to accumulate ETH? What is the progress of RWA (Real World Assets) applications on Ethereum?
• Vitalik and the Ethereum Foundation's dynamics: Vitalik's personal decisions and the foundation's movements will impact market sentiment.
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📈 Data aspect: Market capital flow trends.
ETH's trend also depends on capital flows and on-chain data:
• ETF capital inflow/outflow situation: If the ETF continues to see capital inflow, it may drive ETH prices up.
• Ethereum on-chain activity: The number of on-chain transactions and gas fee levels reflect network activity.
• Changes in supply held by top non-exchange addresses: If big holders (whales) are accumulating ETH, it may indicate a bullish outlook for the market.
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📌 Conclusion: ETH has not truly 'hardened' yet and still needs observation.
At present, there are indeed some favorable factors for ETH, but overall, it has not formed a strong rebound trend. The key short-term position is $2,200; if it cannot hold, it may continue to fluctuate or even correct. Investors should closely monitor technical, news, and capital trends to better judge whether ETH is really about to 'harden.'
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