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.
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.
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