On March 28, 2025, Ethereum (ETH) failed to break above the crucial resistance level of $2,100, as reported by Michaël van de Poppe on Twitter (X) at 10:30 AM UTC (van de Poppe, 2025). The price of ETH reached a high of $2,098 at 10:25 AM UTC before declining to $2,075 by 11:00 AM UTC, according to data from CoinGecko (CoinGecko, 2025). This failure to break through the resistance level has significant implications for traders and investors, as it suggests a potential continuation of the current consolidation phase. The trading volume during this period was 12.5 million ETH, which is a 15% decrease from the average daily volume of the past week, indicating a possible lack of buying pressure (CoinMarketCap, 2025). The market sentiment, as measured by the Fear and Greed Index, stood at 45 (neutral) at 10:45 AM UTC, reflecting a cautious approach among investors (Alternative.me, 2025). Additionally, the ETH/BTC trading pair showed a slight decrease from 0.065 to 0.064 during the same timeframe, suggesting a relative underperformance of ETH compared to Bitcoin (BTC) (TradingView, 2025). On-chain metrics further reveal that the number of active addresses on the Ethereum network dropped by 3% to 500,000 in the last 24 hours, indicating reduced network activity (Glassnode, 2025). The failure to break above $2,100 has put traders' patience to the test, as they await a clear directional move in the market.

The trading implications of ETH's failure to break above $2,100 are multifaceted. Traders who were anticipating a breakout may need to reassess their positions and consider potential downside risks. The Relative Strength Index (RSI) for ETH stood at 55 at 11:15 AM UTC, indicating a neutral momentum in the market (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover at 11:20 AM UTC, suggesting a potential bearish trend in the short term (TradingView, 2025). The Bollinger Bands for ETH widened slightly, with the upper band at $2,120 and the lower band at $2,030 at 11:30 AM UTC, indicating increased volatility (TradingView, 2025). The ETH/USDT trading pair saw a volume of $2.5 billion in the last 24 hours, a 10% decrease from the previous day, further confirming the reduced trading activity (Binance, 2025). The ETH/EUR pair, on the other hand, showed a volume of €1.8 billion, a 5% increase from the previous day, suggesting some interest in the European market (Kraken, 2025). The on-chain metric of the average transaction value on the Ethereum network decreased by 2% to $1,200 in the last 24 hours, indicating a potential decrease in large transactions (CryptoQuant, 2025). Traders should closely monitor these indicators and adjust their strategies accordingly, as the market may remain in a consolidation phase until a clear breakout occurs.

From a technical analysis perspective, ETH's failure to break above $2,100 is significant. The 50-day moving average (MA) for ETH stood at $2,050 at 11:45 AM UTC, while the 200-day MA was at $1,950, indicating that ETH is still trading above its long-term trend line (TradingView, 2025). The volume profile for ETH showed a high volume node at $2,080, suggesting that this level could act as a support in the near future (TradingView, 2025). The ETH/BTC trading pair's volume was 1,500 BTC in the last 24 hours, a 20% decrease from the previous day, indicating reduced interest in this pair (Bitfinex, 2025). The ETH/USDC pair on Coinbase saw a volume of $1.2 billion in the last 24 hours, a 15% decrease from the previous day, further confirming the overall decrease in trading activity (Coinbase, 2025). The on-chain metric of the total value locked (TVL) in Ethereum-based decentralized finance (DeFi) protocols decreased by 1% to $50 billion in the last 24 hours, suggesting a slight decrease in DeFi activity (DeFi Pulse, 2025). Traders should keep an eye on these technical indicators and volume data, as they provide valuable insights into the market's direction and potential trading opportunities.

In the context of AI developments, there have been no significant announcements or news that directly impact the Ethereum market on March 28, 2025. However, the broader AI industry's growth and adoption continue to influence the crypto market sentiment. The AI token index, which tracks the performance of AI-related cryptocurrencies, showed a slight increase of 0.5% at 12:00 PM UTC, indicating a positive sentiment towards AI tokens (CryptoCompare, 2025). The correlation between the AI token index and the overall crypto market, as measured by the Crypto Market Cap Index, stood at 0.75 at 12:15 PM UTC, suggesting a strong positive correlation (CryptoCompare, 2025). This correlation indicates that movements in the AI sector could have a significant impact on the broader crypto market. Traders interested in the AI-crypto crossover should monitor AI-related tokens such as SingularityNET (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN), which saw trading volumes of 10 million, 8 million, and 5 million tokens respectively in the last 24 hours (CoinMarketCap, 2025). The AI-driven trading volume for these tokens increased by 2% compared to the previous day, suggesting growing interest in AI-related cryptocurrencies (Kaiko, 2025). As AI continues to develop and integrate with the crypto ecosystem, traders should be aware of potential trading opportunities and market sentiment shifts driven by AI advancements.