According to Maartunn, a community analyst at on-chain crypto analytics platform CryptoQuant, a significant amount of ETH currently sits under the current cost basis. One might say it’s playing a very serious game of hide-and-seek, though the rules of the game are written in hexadecimal.
At the time of writing, Ethereum (ETH) was trading up 1.79% in the last 24 hours to $1,971 and up 7.94% weekly. A rise so modest it could only be achieved by a coin with the self-esteem of a well-dressed parrot.
According to Maartunn, 67,000 ETH worth nearly $129.3 million were accumulated just slightly below Ethereum’s current price between $1,920 and $1,965, hinting at key support. One might call this a “support zone,” though it’s more likely a taxidermied bear market waiting to be revived by a particularly enthusiastic investor.
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“67,000 ETH (nearly $129.3M) is stacked on Binance between $1,920 and $1,965-sitting directly under the current price,” Maartunn posted on X. A statement so precise it could only be uttered by a man who has never owned a single share of stock in his life.
67,000 $ETH (~$129.3M) is stacked on Binance between $1,920 and $1,965 – sitting directly under the current price.
– Maartunn (@JA_Maartun) March 3, 2026
ETH got rejected from the $2,000 level on Tuesday. Ethereum reached a high of $2,041 on Tuesday, previously hitting $2,089 the previous day. A performance so dramatic it would make a Shakespearean tragedy blush.
Analysts say the recent rejection could push Ethereum toward the $1,850 to $1,900 support zone. A place where the weak are weeded out, and the strong are… still waiting.
What’s next for ETH price?
Ethereum broadly remained in sideways trading between $1,742 and $2,148 since the start of February, indicating a tough battle between the bulls and the bears. A stalemate so fierce it could only be resolved by a third party with a better offer.
Buyers might need to close above $2,148, which is the resistance of the current range, to gain control. If this is done, Ethereum may rally to the 50-day SMA at $2,427 and, after that, to $3,045. A climb so steep it would make a mountaineer weep with envy.
On the other hand, if the Ethereum price turns down from current levels, it might indicate that sideways trading may continue further. The bears might return to the driver’s seat on a close below $1,742, which clears the path for a drop to $1,537. A descent so sudden it would make a rollercoaster feel like a leisurely stroll.
Ethereum reverses weekly outflows
According to the most recent CoinShares report, crypto exchange-traded products pulled in $1.1 billion worth of funds last week, offsetting substantial losses in the weeks before. A financial phoenix rising from the ashes of despair, though the ashes are clearly made of cryptocurrency.
Before the prior week, crypto funds erased $4 billion over the past five weeks, according to CoinShares. There still remain signs on the market that institutional investors have not lost interest in adding crypto exposure with the recent inflows. A testament to the resilience of those who believe in the future-and the occasional alpaca.
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2026-03-03 17:46