Ethereum Price Prediction – March 26
If the Ethereum price prediction prepares for the uptrend, the coin will be technically and fundamentally ready to break above $3500 respectively.
ETH/USD Market
Key Levels:
Resistance levels: $3700, $3900, $4100
Support levels: $2400, $2200, $2000
ETH/USD is seen trading above the 9-day and 21-day moving averages within the channel. The second-largest cryptocurrency is ready to kick-start another bullish run above $3200 if the market price crosses above the upper boundary of the channel. Therefore, the break above this barrier is the first signal needed for a bullish to press higher.
Ethereum Price Prediction: Ethereum Price May be Ready for Another Spike
Looking ahead, if the Ethereum price continues to grind higher, the first resistance level may be located at $3400 as this could also be followed by $3600. However, additional resistance levels may be found at $3700, $3900, and $4100 respectively. On the other side, if the Ethereum price moves below the 9-day moving average, it could hit the first support level at $2900.
Beneath this, crossing below the 21-day moving average may lead to the critical support levels at $2400, $2200, and $2000. Meanwhile, the technical indicator Relative Strength Index (14) moves above 60-level, which indicates that buyers are attempting to gain control of the market momentum and this could also mean that another signal of ETH could be pushing above $3200 soon.
Against Bitcoin, the daily chart shows that the red-line of the 9-day MA is above the green-line of the 21-day MA. However, if the market price remains above the moving averages, there is a possibility that additional benefits could be obtained in the long term and the next resistance key above this barrier is close to the 7200 SAT level.
Therefore, if the price crosses above the upper boundary of the channel, it could break the resistance level of 7700 SAT and above. However, if the bears regroup and move below the moving averages, the support level of 6700 SAT may play out before rolling to the critical support at 6400 SAT and below. The Relative Strength Index (14) is moving around 56-level, which indicates sideways movement.
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