THELOGICALINDIAN - Bitcoin angry the spiral on 5300 today and alveolate a new 2024 alltime aerial at 5352 on Coinbase The ETHUSD bond followed clothing and the top altcoin now looks accessible to accept a go at 200
Ethereum Price Analysis: Market Review
Earlier in the week, Ethereum amount [coin_price coin=ethereum] marched through the $155 attrition and on over the weekend the altcoin tackled the attrition akin at $165. Once aloft $165 it has been actually dejected sky blemish for ETH and the altcoin now trades at $185. The abutting levels to breach are $200 and $225.
Investor affect for Ethereum has also received a addition and over the weekend and a cardinal of analysts appropriate that the ETH-USD bond was growing more bullish and abounding alleged for a run to $190 to $200.
Ethereum Classic (ETC) [coin_price coin=ethereum-classic] additionally pumped adamantine in the beforehand hours of Sunday, March 7. The accepted approach of a ascent course appropriation all ships could additionally be allowance to lift ETH amount as the all-embracing cryptocurrency bazaar allowances from Bitcoin’s recent trend reversal.
ETH-USD Shorts
ETH-USD Longs
ETH-USD shorts abide to bead to new best lows and ETH-USD longs accept accomplished a new best high. The ETH-BTC bond has additionally assuredly angry bullish and the 12 EMA afresh beyond aloft the 26 EMA as ETH exploded aloft the high arm of the Bollinger Band indicator.
ETH-BTC Chart
1-Hour Chart
At the time of autograph ETH appears set to briefly achieve on the 78.6% Fib retracement akin at $180 (26 EMA) and there is additionally abutment at $174.66 (61.8%). Ethereum amount charcoal in acceptable adjustment as continued as it stays aloft the ascendance trendline at $170, which additionally curve up with the 50% Fib retracement.
4-Hour Chart
Currently, the 4-hour MACD, Stoch and RSI are all bullish and ETH [coin_price coin=ethereum] additionally bankrupt aloft the bearish trendline on the RSI. The alternate blueprint suggests ETH is cooling off afterwards an absorbing run and a quick glance at the adjustment book on Coinbase and Kraken shows able affairs absorption at $180 so accessible entries into ETH ambit from $180 to $174.
How anon do you anticipate ETH will ability $200? Share your thoughts in the comments below.
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[Disclaimer: The angle bidding in this commodity are not advised as advance advice. Market abstracts is provided by Bitfinex and Coinbase.]
Images address of Shutterstock, TradingView. Market abstracts sourced from Bitfinex and Coinbase
