{"id":39579,"date":"2026-03-31T07:30:45","date_gmt":"2026-03-31T07:30:45","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=39579"},"modified":"2026-03-31T07:30:45","modified_gmt":"2026-03-31T07:30:45","slug":"analyst-shares-a-good-way-to-know-when-ethereum-has-hit-a-bottom","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=39579","title":{"rendered":"Analyst Shares A Good Way To Know When Ethereum Has Hit A Bottom"},"content":{"rendered":"

With the Ethereum price struggling around the $2,000 support, the question of when the digital asset will hit a bottom has continued to linger among investors. Naturally, a bottom is largely based on the Bitcoin price, setting the tone for the entire market. However, a crypto analyst has also suggested things to look out for<\/a> that could help to confirm that the Ethereum price has actually hit a bottom and will begin to move upward once again.<\/p>\n

Watch Out For The Ethereum Close Above $2,100<\/h2>\n

For now, the Ethereum price is still trending below $2,100, and crypto analyst Rawl has called this out<\/a> as the next important level to break. Given the fact that the Ethereum price had fallen below $2,400 initially, but then didn\u2019t make a complete weekly close, it suggests that this could be a takeout.<\/p>\n

Going by this, the Ethereum price now needs to actually make a close above $2,100 on the weekly chart to confirm if this is the bottom or not. Since the cryptocurrency<\/a> completed the last week without making this close, then it moves into this week for another chance to make the close<\/a>.<\/p>\n

As the crypto analyst explains, a close above $2,100 would confirm the local bottom, setting the stage for the next price increase. The first move is expected to propel the altcoin as high as $2,400 in the primary move. However, the move is not expected to end there.<\/p>\n

For a secondary move, Rawl points to a climb to $2,800-$3,000, and hitting the top of this prediction would mean that the Ethereum price would rise 50% from the current level at the time of this report. \u201cSo the plan remains the same, we will likely stay choppy here before properly breaking above 2,100<\/a> and heading toward 2,800\u20133,000,\u201d the analyst stated.<\/p>\n

\"Ethereum<\/p>\n

Bears Could Still Take Over<\/h2>\n

Just like with any scenario, there is still the possibility that the Ethereum price does not make this weekly close and ends up falling below it<\/a>. In this case, it would put the bears back in control, likely triggering a sustained decline that would keep the cryptocurrency\u2019s price below the $2,000 level.<\/p>\n

Even in the case where the Ethereum price does close above $2,100 and completes the projected rally, the crypto analyst says this is only preceding a larger decline. In a previous post<\/a>, the analyst had pointed out this possible large correction, but then posits that the Ethereum price could continue to rally and likely hit $6,500-$8,000<\/a> for a new peak.<\/p>\n

\"Ethereum<\/p>","protected":false},"excerpt":{"rendered":"

With the Ethereum price struggling around the $2,000 support, the question of when the digital asset will hit a bottom has continued to linger among investors. Naturally, a bottom is largely based on the Bitcoin price, setting the tone for the entire market. 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