Ethereum is attempting to stabilize above the $2,000 level as new details on the network’s long-term scaling roadmap, dubbed the “Strawsheet,” inject renewed fundamental optimism into the market.
The proposal, presented by Vitalik Buterin and supported by the Ethereum Foundation, charts a path toward significantly faster slot times and improved transaction finality.
The plan envisions reducing block times and tightening confirmation latency, a move that could significantly improve user experience, stacking efficiency, and DeFi execution speeds.
While Strawmap remains a directional framework rather than a finalized upgrade timeline, the focus on faster slots and stronger finality reinforces Ethereum’s commitment to long-term scalability, a narrative that could help support price recovery after weeks of heavy selling pressure.
Ethereum Price Analysis: Can Bulls Reclaim $2,100?
On the ETH/USDT daily chart, Ethereum is trading around $2,035 after rebounding from a strong sell-off in early February that briefly pushed the price below $1,900.
The broader structure shows that ETH dropped aggressively from the $3,200 to $3,300 area in January before finding demand near the $1,850 area. Since this capitulating move, price action has turned into consolidation, forming a range between approximately $1,900 and $2,100.
This sideways structure suggests that the market is attempting to build a base after weeks of heavy distribution.
The $2,100 level now acts as immediate resistance and represents the upper limit of the current range. A decisive daily close above this zone would mark the first significant high on the daily timeframe and could pave the way towards $2,300, where previous breakout momentum accelerated.
Beyond that, $2,500 remains a major resistance zone, having served as structural support before January’s collapse.
On the other hand, $1,900 continues to provide critical support in the near term. A break below this level would expose the $1,800 area, the site of the February low, as the next major demand area.
Momentum indicators are starting to show the first signs of improvement. The Aroon oscillator has returned to positive territory after a long period of negative readings, indicating that bearish dominance is weakening.
Meanwhile, Bull-Bear Power has moved from deeply negative levels to printing green histogram bars above the zero line, suggesting that buying pressure is gradually returning.
Together, these signals indicate a transition from capitulation to accumulation. However, confirmation of a trend reversal requires a clear break above $2,100 and sustained follow-through. Until then, Ethereum remains in a consolidation phase, balancing improving technical momentum and overhead resistance.