Methodology
We first collect $ETH current price and recent trend data, referencing platforms such as CoinMarketCap, Crypto.com, and OKX, analyzing price changes from March 17 to March 24. Combining market forecasts and community sentiment, we judge whether it is a rebound (a short-term rise followed by a possible fall) or a reversal (change in trend direction).
Current price and recent trends
As of March 24, 2025, at 15:59 CST, OKX shows the ETH price at $2,069.43, up 3.18% since March 23, 18:00 CST (UTC 00:00) (OKX Ethereum Price).
From the price of $1,984.85 on Crypto.com on March 19 to $2,069.43 on March 24, an increase of about $84.58, or approximately 4.26%.
Previously, on March 17, CoinMarketCap showed $2,014.05, dropping to $1,984.85 on March 19, a decrease of about 1.45%, indicating a short-term correction.
Market Sentiment and Forecast
The community is bullish, with CoinGecko showing 'The community is bullish on ETH today' (CoinGecko Ethereum Price).
Forecast Discrepancy: Changelly predicts a possible decrease of 6.5% by March 25, but the 4-hour chart shows a short-term bullish trend, with the 50-day moving average rising (Changelly Ethereum Prediction); InvestingHaven forecasts a minimum of $2,145 and a maximum of $5,190 by 2025, needing to recover upward from March 14 to April 13 (InvestingHaven Ethereum Prediction).
Technical Analysis:
TradingView shows support at $1,521, resistance at $2,090.33, and the current price of $2,069.43 is close to resistance, needing to break through to confirm upward movement (TradingView ETHUSD).
Rebound or Reversal
From the low of $1,984.85 on March 19, rebounding to $2,069.43, a magnitude of 4.26%, consistent with a recovery of the upward trend after a short-term correction. Overall, from the 2022 low to $2,000 in 2025, it shows a long-term upward trend, and the current rise is a continuation.
If it shifts from upward to downward, the price is close to the resistance level of $2,090.33, failing to break through effectively, with no obvious reversal signs in the short term. This could indicate a deeper correction.
