Ethereum Fails to Break Rp36.9 Million! 5 ETH Signals Could Test IDR30.2 Million Again?

Updated

March 1, 2026

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Gambar Ethereum Fails to Break Rp36.9 Million! 5 ETH Signals Could Test IDR30.2 Million Again?

Jakarta, Pintu News – The price of Ethereum has corrected again after failing to maintain the level of US$2,200 or around IDR36,964,400 (exchange rate 1 USD = IDR16,802). Currently, ETH is trading at around US$2,026 or around IDR34,040,852, down about 1.4% in the last 24 hours. This has sparked questions among crypto investors as to whether the second-largest cryptocurrency will again test its annual low.

1. ETH Moves in the Range of IDR30.2-Rp36.9 Million

Throughout February 2026, Ethereum (ETH) moved in the range of US$1,800-US$2,200 or around IDR 30,243,600-Rp36,964,400. Earlier this month, the price touched the US$1,800 area, which was the lowest point since May 2025. The failure to break the resistance of IDR 36.9 million shows that selling pressure still dominates.

This sideways movement shows the market is still looking for a clear direction. As long as prices haven’t moved out of that range, short-term volatility is likely to remain high. For crypto market participants, the consolidation phase often sets the tone for the next trend.

Also Read: 5 Easy Steps to Buy Gold at a Gold Boutique, a Safe Investment Other than Crypto!

2. Fear & Greed Index at Level 16

The current market sentiment is reflected by the Fear & Greed Index, which stands at 16. The number indicates extreme fear conditions, which usually signal investor panic. In the cryptocurrency cycle, this phase often appears near strong support areas.

However, negative sentiment doesn’t necessarily mean a price reversal is imminent. Without a strong fundamental catalyst, selling pressure could continue. Therefore, it’s important that you don’t rely solely on sentiment indicators.

3. Institutional Accumulation: BitMine and Coinbase Add ETH

Amidst the price weakness, some institutions increased their Ethereum (ETH) holdings. BitMine Immersion reportedly added over 170,000 ETH, while Coinbase also added over 2,000 ETH to its reserves. These moves show long-term confidence in the fundamentals of the Ethereum network.

Institutional accumulation is often seen as a positive signal for the crypto market. However, its impact on short-term prices is not always instant. The scale of buying needs to be large enough to drive significant trend changes.

4. Spot ETF Fund Flows Turn Positive

Another important development came from the Ethereum spot ETF fund flows in the United States. After previously experiencing net outflows, fund flows have now begun to record net inflows. This change is helping to support the price around the US$1,800 level.

However, the value of the current inflow is still relatively small. There has not been a big capital surge capable of driving a sharp rally. Many market participants are waiting for the Fed’s interest rate decision at the end of March as a potential catalyst for the next move.

5. Is ETH About to Print a New Low?

Technically, the US$1,800 area or IDR 30.2 million is the key support. If this level is broken, the risk of further weakness is open. Conversely, a consistent breakout above US$2,200 or Rp36.9 million could open up opportunities for trend reversal.

The movement of Ethereum (ETH) is also heavily influenced by macro conditions and the overall direction of the crypto market. The correlation with Bitcoin remains high, so BTC volatility can have a direct impact on ETH. In this situation, risk management and strategic discipline become crucial factors.

Conclusion

Ethereum (ETH) is currently at a crucial point after failing to defend the IDR36.9 million level and returning to the IDR34 million range. The support of IDR30.2 million is an important limit that determines whether the downtrend will continue or persist. Positive ETF fund flows and institutional accumulation provide support, but are not yet strong enough to fuel a major rally.

As a crypto investor or a beginner in the cryptocurrency world, you need to monitor a combination of technical and fundamental factors. The Fed’s interest rate decision is potentially an important catalyst in the next few weeks. In sensitive market conditions, a rational and measured approach is more relevant than excessive speculation.

Also Read: 5 Good News on Ethereum (ETH) Legal Status, Now Officially a Digital Commodity Not a Security!

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Also Read: 5 Secrets of Today’s World Gold Price in the Forex Market, Crypto Investors Must Read!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash beforeinvesting. All activities of buying and selling Bitcoin (BTC) and other crypto asset investments are the responsibility of the reader.