Investing in ETHUSD on pullback before flat trend ends

Today’s trading session has shown bulls fiercely defending their ground above the key support levels—a hard-won territory after recent volatility spikes in the ETHUSD pair. However, bears are not retreating quietly, staunchly protecting the breached threshold.

Ethereum has consolidated within a flat parallel channel since mid-February, with the lower boundary at $1,794 and the upper one at $2,151. Each approach toward the top of this range immediately reactivated selling pressure this week. For a sustained move, ETH must secure a firm foothold above this ceiling to avoid being dragged back into the consolidation zone.

Bollinger Bands validate this dynamic. After contracting in late February, they have widened sharply, signaling a surge in volatility. Quotes are now sitting at the $2,117 level—higher than the middle line ($1,985) but below the upper one ($2,131). The price managed to break through this threshold yesterday. However, bulls didn’t have enough strength to consolidate at this level. This hesitation serves as a cautionary flag for buyers.

The Chaikin Oscillator, remaining positive, shows that major players are stocking up. But it's not higher than the peak levels seen during the consolidation period, meaning that bulls still lack the momentum needed to shatter resistance and spark an uptrend.

The fundamental narrative, however, favors buyers. February witnessed record outflows from ETH ETFs totaling 31.6 million, while the staking queue ballooned to an expected wait time of over 60 days. These developments suggest reduced liquidity supply and long-term investor commitment.

Harvard University's capital rotation into Ethereum’s exchange-traded funds and the launch of a multi-crypto ETF in Canada in partnership with Scotiabank indicate robust institutional demand. All these factors form a solid fundamental basis for the asset’s next leg higher, though geopolitical tensions in the Middle East and uncertainty surrounding the Clarity Act continue to cause market volatility.

Try out the trading strategy presented down below:

Buy ETHUSD during the current pullback to $2,151 and below. Place Take profit at $2,380 and Stop loss at $1,960.

This forecast remains relevant between March 5 and March 12, 2026.