Ethereum (ETH) is trading above $2,000 as March concludes, potentially marking its first positive month since August 2025. The cryptocurrency has faced six consecutive months of declines, with cumulative losses nearing 50%. Analyst Wise Crypto highlights that whale holdings have decreased significantly, with 180,000 ETH sold recently. Despite mixed technical signals and subdued trading volumes, ETH has gained approximately 6% this month, though it remains down over 10% in the past two weeks. Market watchers are closely monitoring the $1,970 level, as a breakdown could lead to further declines, while a rise above $2,050 might offer relief. Bitcoin (BTC) is also seeking its first positive return since October 2025, with current gains under 1%. Both cryptocurrencies face a "demand pause," with structural elements like ETFs and DeFi in place but lacking buying pressure. Traders are watching closely as the March monthly candle nears its close.