Ethereum's March Gains Under Threat as Price Traders Inside Falling Channel

Ethereum's recent gains in March are facing challenges as it struggles to maintain its first green month since August 2025. The blockchain's price has been trading inside a falling channel on the 4-hour chart, with a peak at $2,380 and a low of $1,970. This correction represents an 18% drop from the mid-March high.

The monthly returns chart shows that Ethereum has experienced significant losses since September 2025, with each month closing in the red until March's +2.93%. However, this gain is not without its challenges, as the second half of March has seen a steady decline in price.

Two key metrics suggest that bears are gaining ground: whales are reducing their holdings, and dip buyers are fading. The Money Flow Index (MFI) indicates that buying momentum has been weakening throughout March, even while the monthly price action remained green.