Ethereum Tests $2,150 Resistance as Recovery from February Lows Remains Fragile

Ethereum is attempting to extend its rebound from February lows but remains inside a descending channel and below the 100-day and 200-day moving averages, CryptoPotato reports. The analysis identifies $2,350 to $2,450 as the first major resistance zone, with $2,800 to $3,000 seen as the next upside target if reclaimed, while the $1,800 area remains a key demand level on the daily chart and a break below could expose support near $1,500. On the 4-hour chart, price action has stabilized after a sharp selloff but faces resistance near $2,150, with potential upside toward $2,300-$2,400 if that pivot is recovered. Funding rates have turned mildly positive, and the report argues a sustained move above resistance with controlled funding would present a cleaner bullish scenario than ETH remaining capped below $2,150 while leverage builds on the long side.