Ethereum on Brink of First Positive Month Since August 2025

Ethereum's prolonged slump may be coming to an end as it edges closer to closing its first positive month since August 2025.

The outcome of Ethereum's performance is crucial as a sustained break above or below key levels could determine whether the altcoin comes out of its slump or extends it further. According to data from Wise Crypto, large ETH holders have reduced their positions by around 180,000 ETH during the current downturn, adding supply-side pressure to weak demand.

The world's second-largest cryptocurrency has ended up in the red in each of the last six months, with its price action trapped in a falling channel since mid-March. Whale holdings have dropped significantly, and trading volumes are subdued. The last green day for ETF flows appeared on March 17, followed by eight straight days of outflows.

Analysts warn that Ethereum's current price is testing key levels, with $1,970 being a decisive level. A breakdown could open the path toward lower prices, while a move back above $2,050 could provide some relief for ETH. The outcome will be closely watched by traders as they await the March monthly candle to close.