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Ethereum Price Analysis - Market Sentiment and Pot

时间:2024-03-23|浏览:284

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Ethereum Price Analysis

The ETH/USDT pair fell from its 20-day EMA on March 22, indicating that market sentiment has turned negative and traders are selling on the highs.

Sellers will once again attempt to break above the 50-day moving average support. If they succeed, the pair could drop to $2,717.

Conversely, if the price bounces off the 50-day moving average, it will indicate that the pair is likely to remain between the moving averages.

The bullish momentum is likely to increase once the pair moves above $3,700. The pair may then hit overhead resistance at $4,100.

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