The Ethereum price maintained at $2,126.09 on February 28th shows a decrease of 10.35% since its before-market session level. Ethereum market prices and other digital assets decline due to economic factors and geopolitical challenges, which increase market instability.
The price of Ethereum reacted strongly to market movements and dropped from $2,375.10 to $2,082.75 today. Even though the latest market drop occurred, the rating on the Fear & Greed Index remains at 55 which shows active market optimism still exists. Market participants show growing concern about Ethereum since it has dropped by $245.51 in a day, though potential support areas come into view.
Macroeconomic and Geopolitical Events Impacting Ethereum
Ethereum experienced a major price fall today because of global political conflicts and government economic plans. The introduction of new U.S. President Trump trade tariffs strongly impacts financial markets overall. On March 4, 2025, the US government will increase fees by 25% for products shipped from Mexico and Canada, plus by 10% for all imports from China.
Global markets and cryptocurrency prices decline sharply when traders choose assets such as gold and U.S. dollars as safe places to invest. Investors prefer safe assets over cryptocurrencies because of a strong assessment that risks are rising. The evolving international trade policy landscape worries investors so Ethereum remains negatively affected for the next few days.
Ethereum’s On-Chain and Technical Analysis
Ethereum shows technical signs favoring a drop, but on-chain data creates uncertainty about future price movement. ETH shows signs of being at an oversold level with its Relative Strength Index value of 43.19 but has not reached the point where a bullish turnaround is expected.
The market shows weakening buying energy because trading numbers now move lower. The Ethereum exchange rate rests close to its essential support barriers which include $2,716.02, $2,688.61 and $2,662.15. The price of Ethereum will likely move downward more as the support levels show weakness.
ETH will return to a bull market when it rises successfully from its current resistance points at $2,769.89, $2,796.34, and $2,823.76. A price rise above these resistance ranges needs strong market confidence which remains unlikely for the next few months.
Ethereum’s Short-Term Price Prediction
Market researchers share different short-term predictions about Ethereum price movement.
In a bearish market scenario, Ethereum may drop by 15.90% to reach $2,302.40 before February 26th 2025. The market analysts show this theory by identifying weak trading energy and negative investor beliefs along with absent strong buying power. The cryptocurrency will most likely dip after failing to protect its essential support lines.
Ethereum will likely increase by 13.67% according to bulls who expect it to hit $2,838.19 by March 28, 2025. Purchasing psychologists believe Ethereum could climb after reaching important support areas because DeFi and NFT markets produce positive signals. Shareholders looking at today’s decline as a purchase moment may trigger Ethereum’s recovery in the following weeks.
What to Expect from Ethereum Today?
Ethereum’s present downturn means investors should monitor worldwide market trends plus market beliefs to forecast its future price behavior. Ethereum declines because of two main market factors including trade tariff announcements and general market worry.
Bitcoin performance in the near future may start to rise if it continues to stay over $2,662 support. The market may move lower towards $2,300 if traders break below the $2,662 support level. Ethereum stands a good chance at building solid upward momentum if it beats resistance at $2770.
