Ethereum Stays Stable but Struggles below the $3,600 High

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

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

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

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

Checkmark

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

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

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

Checkmark

Monthly subscriptions begin at £58.


Ethereum (ETH) Current Statistics
The current price: $3,510.17
Market Capitalization: $421,231,388,005
Trading Volume: $12,595,249,892
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $1,700, $1,500, $1,000

Ethereum (ETH) Price Analysis March 29, 2024
The price of Ethereum (ETH) has remained in the range of the moving average lines but struggles below the $3,600 high. Since March 16, the price has been constant between $3,200 to $3,600. Nonetheless, on March 25, the price movement stayed stable below the 21-day SMA, or resistance at $3,600.

For the previous five days, Ether has bounced between $3,400 and $3,600, indicating a bullish trend. On the upside, if ETH/USD breaks above the 21-day SMA, it will rise to its previous high of $4,100. The bullish momentum will continue until the high of $4,500. The market will rise above the $3,200 support level or the 50-day SMA if the bullish scenario is rejected.

Ethereum Stays Stable but Struggles below the $3,600 High
ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ethereum remains range-bound between the moving average lines. The price bars have been restricted to the moving average lines. Ether will trend when there is a price breakout or breakdown. The moving average lines on the 4-hour chart are sloping horizontally due to the sideways trend.

Conclusion
The biggest altcoin is now in a sideways trend but struggles below the $3,600 high. Ethereum prices range from $3,160 to $3,600. On the daily chart, ETH/USD sits between the 21-day and 50-day SMAs. Ether will continue trending once the range-bound levels are broken. In other words, the crypto signal will remain range-bound inside a specified range.

Ethereum Stays Stable but Struggles below the $3,600 HighYou can purchase Lucky Block 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 results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

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.

Leave a Reply

Your email address will not be published. Required fields are marked *