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Ethereum (ETH) Price Sees Best Month Since August
ETH ends six-month losing streak with 7% March gain, faces key resistance at $2,150
Apr. 2, 2026 at 7:08am
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Ethereum (ETH) price saw a 7% gain in March, ending a six-month losing streak. On-chain data shows ETH accumulation addresses added 2.7 million ETH in March, the largest monthly increase in over a year. Much of that buying came from BitMine Immersion Technologies, which now holds the largest known corporate Ethereum treasury at 4.73 million ETH. BitMine Chairman Thomas Lee said the market sell-off is 90-95% over and he would be buying at current levels.
Why it matters
Ethereum's price recovery after a prolonged downturn could signal a broader turnaround in the cryptocurrency market. The increased accumulation by large players like BitMine suggests institutional interest and confidence in Ethereum's long-term potential. However, the cryptocurrency still faces key resistance levels that will determine if the bottom has been reached.
The details
Ethereum posted a 7% gain in March, ending a six-month losing streak that stretched back to September 2024. On-chain data shows ETH accumulation addresses added roughly 2.7 million ETH in March, the biggest monthly increase in over a year. Much of that buying came from BitMine Immersion Technologies, which now holds the largest known corporate Ethereum treasury at 4.73 million ETH. BitMine Chairman Thomas Lee said he believes the market sell-off is 90-95% over and that he would be buying at current levels.
- Ethereum finished March with a 7% gain.
- ETH accumulation addresses added 2.7 million ETH in March, the largest monthly increase in over a year.
- BitMine Immersion Technologies now holds 4.73 million ETH, the largest known corporate Ethereum treasury.
- Thomas Lee spoke on CNBC's Closing Bell on Monday, April 1, 2026.
The players
BitMine Immersion Technologies
A firm that has been steadily purchasing ETH during the price weakness and now holds the largest known corporate Ethereum treasury at 4.73 million ETH.
Thomas Lee
The Chairman of BitMine Immersion Technologies, who said he believes the market sell-off is 90-95% over and that he would be buying at current levels.
What they’re saying
“I would be buying the market at current levels and that the sell-off is 90-95% over.”
— Thomas Lee, Chairman, BitMine Immersion Technologies
What’s next
Ethereum will need to break above the $2,150 resistance level to confirm a sustained recovery. A failure to do so could pull the price back toward $2,000 or $1,965 support levels.
The takeaway
Ethereum's price recovery and increased institutional accumulation suggest the cryptocurrency market may be nearing the end of a prolonged downturn. However, the digital asset still faces key technical hurdles that will determine if the bottom has been reached and a new bull run is underway.
