The price of Ethereum (ETH) has struggled to rebound after a sell-off, remaining below the psychological threshold of $2,000. Since March 10, ETH has traded at its lowest levels since October 2023. Analysts observe a significant support zone between $1,900 and $1,843, where 3.56 million ETH was accumulated at an average price of $1,871, totaling approximately $6.65 billion. If ETH slips below $1,843, fears of capitulation may arise, leading to intensified selling as investors panic during market corrections. Currently, less than 46% of Ethereum addresses are in profit, indicating a historic low that could signify a price bottom. Despite bearish sentiment, some industry experts remain optimistic about Ethereum's prospects, noting a 50.9% growth in real-world assets within the sector. Meanwhile, market data shows that large investors favor long positions, while smaller traders are becoming more conservative, reflecting a cautious market sentiment. Overall, Ethereum's future trajectory depends on its ability to maintain support above $1,900 amid current volatility.

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