- March turned out to be a good month in terms of growth not only for Bitcoin, but also Ethereum.
- ETH’s growth over the previous month was 4,8%, while Bitcoin’s growth was 3,3%.
- However, there are no grounds for an altcoin season.
On the first day of April Ethereum traded at $2140, showing a daily increase of around 3%, which should already be considered a huge achievement for ETH. Altcoin number one ended March with a 4,8% rise, slightly ahead of Bitcoin growth at the rate of 3,3%.
According to According toETH’s monthly range extended from a March 1 low of $1907 to a March 16 high of $2386, a nearly 25 percent swing driven solely by controversial statements from US President Donald Trump. Bitcoin and also experienced volatility, fluctuating over the same period from $65,000 to $76,000.
Cryptocurrency Heatmap for 30 Days. Data from Coinmarketcap.
It turns out that for the first time in six months, ETH has surpassed BTC in monthly returns, leading the community to wonder if altcoin season could be upon us.
ETH is currently consolidating in the $1950–$2200 range, with the 24-hour range showing cautious accumulation rather than strong buying. The recent decline Ethereum to lower-than-expected levels suggests that the asset needs to break resistance at $2800 before talk of a recovery can become meaningful.
Technical indicators paint a mixed picture: six buy signals versus six sell signals, with the RSI fluctuating between 41 and 62 in neutral territory. Volume indicators are currently supporting consolidation rather than a breakout.
ETH USD TradingView Data
To strengthen the $2000 support level and overcome the $2250 resistance, ETH could break through to $3000–$3200 in the medium term. A March close above $2100 lends some credibility to this scenario. However, a break below $1950 would open the way to $1800, retesting the March 1 low.
Long-term forecasts for 2026 range from $2600 to a staggering $8000, with network upgrades cited as the main catalyst. This view is unconvincing, as the impact of upgrades has long ceased to be felt on the ETH price. Clearly, much will depend on the macroeconomic situation.
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