Ethereum Recent Price Trends

Macroeconomic Pressure, Cautious Sentiment

Price Pressure: As of March 2, ETH hovers around $1,940, having retreated from the resistance level of $2,149. Currently, key support is near $1,747; if it cannot hold, further decline may occur.
Internal and External Challenges: Externally, escalating Middle East geopolitical conflicts have triggered a global risk-off sentiment; internally, whale addresses have been reducing holdings over the past three months, and derivatives positions have also decreased significantly, indicating large capital is withdrawing.
Short-term Outlook: Technical indicators show a tug-of-war between bulls and bears (RSI bearish vs MACD bullish), with expected short-term fluctuations between $1,838 (strong support) and $2,100 (resistance).

In the current complex situation, it is recommended to maintain strategic patience and prepare for both sides.
Positive signals at support levels: If the price can stay above $1,838, consider scaling in with small batches. Because once market sentiment improves, technical rebounds could quickly push the price to test the $2,100-$2,200 range.
Risk management for breakouts: If volume drops below $1,747 or even $1,700, immediately pause buying and review positions. This usually indicates a deeper correction, and blindly "bottom-fishing" carries high risk.
Long-term strategy: Ignore short-term volatility and adopt monthly dollar-cost averaging. The core logic is to bet on Ethereum’s long-term leadership in RWA and institutional adoption, which requires holding with a mindset measured in years. $ETH