Ethereum Holds above the $2,500 Support, May Decline to $2,301 Low

Service for copy trading. Our Algo automatically opens and closes trades.

The L2T Algo provides highly profitable signals with minimal risk.

24/7 cryptocurrency trading. While you sleep, we trade.

10 minute setup with substantial advantages. The manual is provided with the purchase.

79% Success rate. Our outcomes will excite you.

Up to 70 trades per month. There are more than 5 pairs available.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

Ethereum consolidates above $2,500 support
ETH/USD may revisit $2,301 support

Ethereum ETH) Current Statistics
The current price: $2,582.37
Market Capitalization: $309,631,934,886
Trading Volume: $7,066,223,015
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis March 13, 2022
Ethereum’s (ETH) price is in a downward correction as it may decline to $2,301 low. On March 10, Ether declined to the low of $2523 and resumed consolidation above it. Today, the ETH price is consolidating above the $2,500 support for an upward move. The cryptocurrency has the advantage of rising to break above the moving averages. A break above the moving averages will mean revisiting the resistance at $3,000 and $3,200 price levels. Conversely, the largest altcoin faces rejection at the moving averages, Ether will fall and break below the $2,500. The market will decline to the previous low at $2,301.

ETH Technical Indicators Reading
Ether is at level 44 of the Relative Strength Index for period 14. It is in the downtrend zone and below the centerline 50. It will further decline if it fails to break above the moving averages. Ether is above the 20% range of the daily stochastic. The market has resumed bullish momentum.

Conclusion
Ethereum is in a downtrend but the altcoin may decline to $2,301 Low. Meanwhile, on January 10 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that ETH will fall to  level 1.272 Fibonacci extension or $2,448.22. From the price action, the altcoin has retested level 1.272 Fibonacci extension and resumed upward.

You can purchase crypto coins here. Buy LBlock:


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