After several days of constant upside, the $3,000 major resistance was reached on the 18th of March, meaning a total gain of almost 20 percent.įrom there, another higher low was set at the $2,850 previous resistance turned support late on the weekend. Source: TradingViewĮthereum price action has seen a strong rally over the past week ever since the $2,600 resistance was broken on the 15th of March. On the 4-hour chart, we can see upside rejected this morning, likely leading the Ethereum price action to set another higher low next. ETH/USD 4-hour chart: ETH looks to retrace again?
Trading volume has increased by 26.57 percent, totaling $18.9 billion, while the total market cap trades around $361.22 billion, resulting in a dominance of 18.67 percent. Ethereum price movement in the last 24 hours: Ethereum moves towards previous high, finds more resistanceĮTH/USD traded in a range of $2,892.54 – $3,023.05, indicating a moderate amount of volatility over the last 24 hours. The rest of the market has mostly seen even better performance, with DOT, ADA, XLM being the top performers. The leader, Bitcoin, gained a substantial 4.54 percent, while Ethereum followed with 3.32 percent. The market has traded in the green over the last 24 hours. Therefore, ETH/USD likely needs to set another higher low before further upside can be tested. Slight rejection for upside seen since morning.Įthereum price analysis is bearish today as we have seen rejection for further upside at the previous high resistance of $3,040.
ETH/USD rallied towards the previous high overnight.Ethereum price analysis is bearish today.
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