Key Highlights
Ether faces rejection from $1,880
The crypto may further decline to $1,735
Ethereum ETH) Current Statistics
The current price: $1,794.91
Market Capitalization: $206,243,886,534
Trading Volume: $25,415,069,409
Major supply zones: $2,000, $2,200, $2,400
Major demand zones: $1,800, $51,600, $1,400
Ethereum (ETH) Price Analysis March 21, 2021
Yesterday, the bulls retested the $1,880 resistance zone which caused Ether to decline to $1,777.20 at the time of writing. The biggest altcoin will further decline if the $1,750 support fails to hold. Ethereum price movement has remained stable above the $1,750 price level for the past six days. It has also been fluctuating between $1,750 and $1,850. On the downside, if there is a price breakdown below $1,750, Ether will plunge to $1,450 low. Ethereum is trading at $1.779.20 at the time of writing.
ETH Technical Indicators Reading
Ether’s price is above the moving averages despite the retracement.
The biggest altcoin will rise if price finds support above the SMAs. The coin is at level 53 of the Relative Strength Index period 14. It indicates the market is in the uptrend zone and above the centerline 50.
Conclusion
Ethereum is retracing after rejection from the recent high. The Fibonacci tool has indicated a further downward movement of price. On March 21 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. This retracement implies that ETH will fall to level 2.0 Fibonacci extensions or a low of $1,735.31.
You can purchase crypto coins here: Buy Coins
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.