Ethereum Price Remains Under Pressure Despite Whale Activity

Ethereum's current price is $2,169, but technical indicators are pointing to a bearish trend. However, recent whale activity indicates that large holders may see ETH as undervalued at this price level.

The March forecast range for Ethereum's price is between $1,900 and $2,250, with a monthly close above $2,250 needed to confirm bullish momentum into the second quarter. Analysts from Changelly project a higher range of $4,572 to $4,957 if DeFi applications and NFT adoption continue growing.