{"id":10811,"date":"2026-03-31T04:11:08","date_gmt":"2026-03-31T04:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/brace-for-impact-ethereum-price-is-now-forming-a-counter-trend-correction\/"},"modified":"2026-03-31T04:11:08","modified_gmt":"2026-03-31T04:11:08","slug":"brace-for-impact-ethereum-price-is-now-forming-a-counter-trend-correction","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/brace-for-impact-ethereum-price-is-now-forming-a-counter-trend-correction\/","title":{"rendered":"Brace For Impact: Ethereum Price Is Now Forming A Counter-Trend Correction"},"content":{"rendered":"

Ethereum is trading just above the important $2,000 psychological level, but the apparent setting bulls up for a painful flush lower.<\/p>\n

Crypto Winter Tightens Its Grip<\/b><\/h2>\n

RLinda’s analysis opens<\/a> with a direct assessment of how the crypto winter is still in play and support might break down around $2,000.\u00a0<\/p>\n

Technical analysis of the 2-hour timeframe chart shows that Ethereum has already printed a series of lower highs and lower lows following its rejection around $2,380 in mid-March. The most recent lower low saw the Ethereum price drop to the $1,960-$1,990 zone over the weekend, which confirms that sellers are still battling for control, forcing the market into what RLinda describes as a counter-trend correction.<\/p>\n

This type of correction often creates the illusion of recovery. Price begins to grind upward or move sideways, but within the context of a broader bearish structure. The charts reflect this clearly, with Ethereum now attempting a modest rebound after establishing a local bottom just below $2,000 over the weekend.<\/p>\n

\"Ethereum\"<\/p>\n

Making matters worse is the macro backdrop relating to Bitcoin. Bitcoin, which had been staging what appeared to be a recovery attempt to $72,000 last week, has failed to hold those gains and reversed to as low as $65,810 over the weekend. Bearsis cascading directly into altcoins. This, in turn, might cause the Ethereum price to bear the brunt of that spillover pressure in the coming days.<\/p>\n

Price Battlegrounds To Watch Out For<\/b><\/h2>\n

The immediate focus on the 2-hour chart is a tight resistance cluster formed between $2,024 and $2,062. This zone coincides with multiple technical factors visible on the chart, including prior support turned resistance, Fibonacci retracement levels around 0.5 and 0.618, and a descending trendline pressing down on lower highs in March.<\/p>\n

According to RLinda, Ethereum may test the 2025 to 2038 liquidity zones. A short squeeze would provide a good signal for a potential decline. Price resistance levels to watch in this case are at $2,025, $2,037, and $2,062. The point of interest (POI) at $2,062.50, which is also shown on the chart above, is the most important one.<\/p>\n

A retest of this resistance zone, followed by a false breakout and consolidation in the short zone, will confirm bear dominance. Should that confirmation materialize, it could create a counter-trend correction that leads to a new round of selling pressure that pushes the Ethereum price to a support point of interest around $1,900. At the time of writing, Ethereum is trading at $2,050.<\/p>\n

\"Ethereum\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum is trading just above the important $2,000 psychological level, but the apparent setting bulls up for a painful flush lower. Crypto Winter Tightens Its Grip RLinda’s analysis opens with a direct assessment of how the crypto winter is still in play and support might break down around $2,000.\u00a0 Technical analysis of the 2-hour timeframe…<\/p>\n","protected":false},"author":1,"featured_media":10812,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[98,65,2033,138,359,360,102,232,233,104,105,2127,4142,3793,2166],"class_list":["post-10811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-altcoins","tag-bitcoin","tag-descending-trendline","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt","tag-fibonacci-retracement-levels","tag-poi","tag-point-of-interest","tag-rlinda"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/10811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=10811"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/10811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/10812"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=10811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=10811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=10811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}