Ethereum climbs above $2,000, but could a price drop be coming soon?

• Ethereum’s netflow sample might see hike in promoting stress within the coming days
• Information from derivatives market revealed that taker quantity highlighted bearishness available in the market

Ethereum [ETH] noticed a ten% worth bounce since Tuesday’s lows. Such a bounce forward of the U.S. Fed Meeting appeared ominous, however there have been no sudden revelations. The financial development has been slower than anticipated for the present yr, with the identical anticipated for subsequent yr. Additionally, the Federal Reserve signaled two charge cuts this yr, with a extra unsure outlook.

This isn’t horrible information for the crypto market, with Bitcoin [BTC] bouncing to $87.5k earlier than seeing a 1.86% retracement at press time. Ethereum was down 2.36% from its earlier day’s excessive at $2,069. The truth is, a latest report famous that Ethereum’s community exercise was at its lowest in 2025 – A warning signal for buyers.

Piecing collectively the clues for Ethereum

Supply: ETH/USDT on TradingView

On the 1-day chart, ETH maintained a powerful bearish trajectory. The OBV was under native highs, though the RSI appeared to sign a bullish shift. The transfer past $2k seemed to be a press release, but it surely may be a liquidity hunt.

Given the construction, it might be possible that the value would head decrease as soon as once more. The shopping for quantity essential to drive a bullish construction shift was not but right here, in response to the OBV. Market sentiment was additionally broadly fearful at press time.

Supply: CryptoQuant

Change netflows monitor the move of ETH into and out of all exchanges. It’s the distinction between inflows and outflows, and the 7-day transferring common to clean out variance. Increased inflows suggest extra promoting stress, whereas hike in outflows suggest accumulation amongst market members.

Since mid-January, there have been 4 notable spikes in ETH inflows to exchanges. Native peaks in netflows had been seen on 24 January,  19 February, 3 March, and 14 March.

The primary three spikes had been adopted by a pointy worth drop inside a number of days. The early March inflows occurred throughout Ethereum’s drop from $2.8k to $1.8k.

If this sample repeats itself, the troubles from the value motion entrance are much more more likely to be right. Bears might provoke one other worth drop within the coming days.

Supply: CryptoQuant

The taker purchase/promote ratio measured the taker (market order) purchase quantity to promote quantity in perpetual trades. A ratio over 1 meant taker purchase orders had been dominant – Indicating bullish sentiment.

Over the previous three weeks, bearishness has been prevalent. The taker ratio confirmed promoting stress was stronger. It started to alter over the previous two days, which in flip noticed the 7-EMA (purple) climb above 1.

This ascent was short-lived although. At press time, the 7-EMA of the taker ratio was damaging as soon as once more, outlining the opportunity of a worth drop. Mixed with the clues from the value motion and the trade netflows, it might be possible that Ethereum would fall to $1,750 or decrease.