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Ethereum analysis for March 29, 2021

Looking at the chart on the four-hour time frame, we see that Ethereum managed to consolidate above the moving averages and moved to the bullish side. Our first target is $ 1800 for Ethereum, then we expect a break above the upper trend line at $ 1900, and then we focus on $ 2000. Ethereum, on the other hand, sits at the top of the field with huge support. The customer congestion zone ranges from $ 1,691 to $ 1,743.

Ethereum analysis for March 29, 2021

Approximately 716,000 addresses previously purchased approximately 12 million ETH here.
On the daily time frame, we also see that Ethereum is above moving averages and continuing towards $ 2000. The movement is slow because it is close to the psychological level for traders and investors. So pullback is always possible but as a short-term option.

Ethereum analysis for March 29, 2021

  • Support
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