According to Maartunn, a community analyst at on-chain crypto analysis platform CryptoQuant, a significant amount of $ETH Currently, we are moving on the current cost basis.
As of this writing, Ethereum ($ETH) rose 1.79% to $1,971 in the past 24 hours and was up 7.94% for the week.
According to Martin, 67,000 $ETH It has accumulated nearly $129.3 million in value, just below Ethereum’s current price of $1,920 to $1,965, suggesting significant support.
“67,000 $ETH (approximately $129.3 million) has been accumulated on Binance between $1,920 and $1,965, directly below the current price,” Martun posted on X.
67,000 $ETH (approximately $129.3 million) is stacked between $1,920 and $1,965 on Binance, just below the current price. pic.twitter.com/8ShBH88UjB
— Maartunn (@JA_Maartun) March 3, 2026
$ETH It was rejected from the $2,000 level on Tuesday. Ethereum reached a high of $2,041 on Tuesday, having hit $2,089 the previous day.
Analysts say the recent rejection could push Ethereum toward the $1,850 to $1,900 support zone.
what’s next $ETH price?
Ethereum has been trading sideways since early February, roughly between $1,742 and $2,148, indicating an uphill battle between bulls and bears.
For buyers to take control, the price may need to close above the resistance of the current range at $2,148. If this happens, Ethereum could rise to its 50-day SMA of $2,427 and then $3,045.
On the other hand, if Ethereum price declines from current levels, it could signal that more sideways trading is possible. The bears could return to the driver’s seat below the close of $1,742, paving the way for a decline to $1,537.
Ethereum reverses weekly outflows
Cryptocurrency exchange traded products attracted $1.1 billion worth of funds last week, offsetting significant losses in the previous weeks, according to CoinShares’ latest report. Ethereum funds added nearly $117 million last week, the most since mid-January.
As of last week, crypto funds had lost $4 billion in the past five weeks, according to CoinShares. With recent capital inflows, there are still signs in the market that institutional investors are not losing interest in adding exposure to cryptocurrencies.
