Ethereum (ETH) price opened Monday, March 9, with bullish sentiment as crypto investors accelerated the rate of accumulation last week.

This large-cap altcoin, with a fully diluted valuation (FDV) of about $244 billion at press time, posted a 63% spike in its 24-hour average trading volume to hover over $22 billion, based on data from crypto market data platform CoinMarketCap. 

Ethereum price rebounds on renewed demand

Since early February, 2026, ETH price has been trapped in its macro accumulation phase, as depicted by renewed institutional adoption. Earlier on Monday, BitMine Immersion Technologies announced that it purchased 60,970 ETH amid improving macroeconomics.

“Ethereum prices showed resilience this week, in the face of rising war concerns and surging oil prices. We continue to believe that cryptoprices are in the late/final stages of the ‘mini-crypto winter,” Thomas Lee, better known as Tom Lee, Chairman of Bitmine, stated.

Ethereum price prediction for March 31, 2026?

Based on the Ethereum Rainbow Chart, a tool that shows where price sits relative to its long-term growth trend, ETH has returned to the historical accumulation band. 

Currently, this tool shows ETH price has been hovering in the same classical zone as it was on April 21, 2025, and August 3, 2019. 

By March 31, this tool predicts that the worst-case scenario for Ethereum will be a range of between $1,031.30 and $1,388.80, which will be at the ‘Fire Sale’ band. If the ETH price hits its ‘undervalued’ band on this tool by the end of this month, it will range between $1,388.80 and $1,906.56.

However, if this altcoin gets trapped within the ‘accumulation’ band of this tool, it will range between $1,906.56 and $2,681.87. 

Meanwhile, the Ethereum Rainbow Chart predicts that the last ‘cheap’ range before a historic parabolic rally will be between $2,681.87 and $3,768. 

Although not intended for precise short-term predictions, the Ethereum Rainbow Chart helps traders contextualize the underlying price based on historical trends.