ETH/USD Stays Above $3200 Resistance
Ethereum Price Prediction – March 27
The Ethereum price prediction could spike a significant surge if the price breaks above the upper boundary of the channel.
ETH/USD Market
Key Levels:
Resistance levels: $3700, $3900, $4100
Support levels: $2600, $2400, $2200
ETH/USD is beginning to create a new bullish movement as the coin currently trades at $3215 preparing to cross above the upper boundary of the channel. However, the coin is likely to create more upwards as the bulls dominate the market.
Ethereum Price Prediction: Ethereum (ETH) Could Trigger Fresh Rally
The Ethereum price can only increase the bullish movement if the $3000 support is maintained at all costs. Currently, the technical indicator Relative Strength Index (14) is moving to cross above into the overbought region to encourage more buyers to enter the market.
Meanwhile, since the 9-day moving average stays above the 21-day moving average, the Ethereum (ETH) may stay within the positive side, otherwise, the market price may reach the support levels at $2600, $2400, and $2200. Nevertheless, if the technical indicator decides to make a quick cross above the upper boundary of the channel, then, there may be a quick bullish rise which may likely push the market up to cross above the upper boundary of the channel to hit the resistance levels of $3700, $3900, and $4100 respectively.
Again Bitcoin, the Ethereum price is now hovering at 7017 SAT as the coin prepares to slide below the 9-day moving average. Meanwhile, the technical indicator Relative Strength Index (14) is seen moving below 60-level. However, for the fact that the market remains at the downside, the coin is likely to move sideways before deciding on the next direction.
Moreover, the daily chart reveals that the potential resistance level is located at 7700 SAT and above, but any further bearish movement may attract new sellers to come into the market with the next focus on the support level of 6400 SAT and below.
Looking to buy or trade Ethereum (ETH) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider
Credit: Source link
Comments are closed.