Ethereum is on track for its first green month in over six months, currently holding a modest 2.93% gain in March. However, the second half of the month has told a very different story, with ETH dropping from around $2,380 to near $2,020 and trading inside a falling channel since mid-March.

While early momentum pushed the month into positive territory, recent price action shows growing weakness. With only a few days left, Ethereum’s ability to maintain its gains will depend on whether it can break out of this downward trend or continue sliding toward lower support levels.