Ethereum Is in a Range as It Is Unable to Sustain above $1,850

Azeez Mustapha

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Ethereum ETH) Current Statistics
The current price: $1,776.64
Market Capitalization: $217,414,002,826
Trading Volume: $10,060,572,927
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $1,500, $1,000

Ethereum (ETH) Price Analysis March 30, 2023
The price of Ethereum (ETH) fluctuates above the moving average lines but is unable to sustain above $1,850. The cryptocurrency’s price has fluctuated erratically between $1,700 and $1,850. The current movement within a range foresees bullish momentum. At the time of writing, Ether costs $1,813.50. The price signal predicts that the coin will continue to move upward. On the plus side, if the gaining trend overcomes the resistance at $1,850, Ether will soar to the psychological price level of $2.000. Yet, the move will remain range-bound if the resistance holds.

Ethereum Is in a Range as It Is Unable to Sustain above $1,850
ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether is at level 60 during period 14 of the Relative Strength Index. The largest altcoin is now on an uptrend and may increase. After the pullback, the price bars for Ether have continued to trade above the moving average lines. It will rise to its prior high as the market expands. Ether is moving upward over the daily Stochastic threshold 40.


Conclusion
Ethereum is trading above the moving average line but is unable to sustain above $1,850. It is restricted to price points of $1,700 to 1,850. The altcoin will trend if these levels are crossed. Buyers have a clear advantage over sellers because the altcoin is in the bullish trend zone. Ether aspires to a peak of $2,000.

Ethereum Is in a Range as It Is Unable to Sustain above $1,850
ETH/USD – 1 Hour Chart

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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