Ethereum (ETH) has remained stable over the past week, as the market is trying to break open over the resistance level of $ 140. Despite the recent stagnant market movement, crypto money increased by 28% in the last 30 days and by 53% in the last 90 days.
Ethereum's trade volume falls in March
Ethereum is currently worth $ 14.46 billion, placing its rival Ripple in second place. The market has recently entered an important network upgrade process. However, price movements did not see a significant response from this event. This impact can only occur after investors have seen developments in the scalability of Ethereum Blockchain. The Ethereum market continues to rise towards resistance at $ 142, and so far has not been able to overcome this resistance.
According to analysts, the closest resistance over $ 142 is $ 152 and $ 161. Higher resistances are $ 168 and $ 170. According to analysts, the nearest support is $ 135. Support under $ 135 is under $ 128. A support below $ 128 may be estimated at $ 125, $ 120, and $ 116. RSI, bulls and bears continue to trade at 50 on the market while fighting for momentum. Trading volume falls in March.
Ethereum can see $ 170 with Golden Cross!
The ETH / BTC parity provides support at 0.03357 BTC. The price is now trading above the support level around 0.035 BTC. A notable observation is the last crossing of the 200-day moving average line (marked in black) and the 50-day moving average line (marked in orange). Known as the Golden Cross term, this is usually a long-term bullish signal.
According to analysts, the nearest resistance is at 0.03590 BTC. Further resistance above is found at 0.03696 BTC and 0.038 BTC. According to analysts, if the bulls can exceed 0.038 BTC, the next resistance will be 0.040 BTC. According to analysts, the closest support is at 0.03357 BTC. 50 MA here also maintains support. According to analysts under the additional support, 0.0325 BTC is at 0.03158 BTC and 0.030 BTC. The RSI is also traded at 50 levels, showing the market's instability. Trade volume also decreased in the first week of March.
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