Ethereum’s Price Breaks above $3,600 as an Upward Trend Begins
Login

Ethereum’s Price Breaks above $3,600 as an Upward Trend Begins

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Ethereum (ETH) Current Statistics
The current price: $3,625.65
Market Capitalization: $437,022,308,528
Trading Volume: $26,519,803,913
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $1,700, $1,500, $1,000

Ethereum (ETH) Price Analysis March 5, 2024
Ethereum’s (ETH) price hits the expected target of $3,600 as an upward trend begins. The largest altcoin has risen to a high of $3,621 as of the time of writing. The cryptocurrency asset has broken above the $3,600 high, signaling the commencement of another round of upward momentum.

On the upside, Ethereum is anticipated to reach a high of $4,000. The current price has surpassed the historical price threshold of $3,578 set on March 28, 2022. On the upside, the altcoin faces an initial resistance at the current high of $3,600.

If the largest altcoin is rejected at its recent high, it will fall above the 21-day SMA. A breach below the 21-day SMA will signal the end of the uptrend.

Ethereum’s Price Breaks above $3,600 as an Upward Trend Begins
ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether price bars are distinguished by Doji candlesticks that appear above the moving average lines. The Doji candlesticks force the price to move steadily above the moving average lines. The 21-day SMA operates as a price bar that serves as a support line when the market bounces.

Conclusion
The 4-hour chart shows Ether bouncing above the moving average lines as an upward trend begins. The cryptocurrency signal has been positive since the rise started again. Price bars have also maintained their positive trend by staying above the moving average lines.

Ethereum’s Price Breaks above $3,600 as an Upward Trend Begins
ETH/USD – 4 Hour Chart

You 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

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News