Price Holds Firmly Rallying– March 29
The current upward-moving motion in the ETH/USD has not gotten a reliable signal to validate a return of direction change as the crypto-economic price holds firmly rallying. The market trades around $3,425 between $3,483 and $3,332, keeping a positive percentage of 2.72.
Price Holds Firmly Rallying: ETH Market
Key Levels:
Resistance levels: $3,500, $3,750, $4,000
Support levels: $3,250, $3,000, $2,750
ETH/USD – Daily Chart
The ETH/USD daily chart showcases the crypto-economic price holds firmly rallying even at a higher trading resistance spot. The 50-day SMA indicator is above the 14-day SMA indicator. The smaller SMA trend line has bent northward closely to the bigger SMA. The Stochastic Oscillators are in the overbought region, moving in a consolidation manner. It is still believed the upward forces have not been completely exhausted.
When will there be a good time to start executing sell orders as the crypto-economic price holds firmly rallying?
There has been no reliable pattern to suggest a change of direction in the ETH/USD market operations as the crypto-economic price holds firmly rallying over some days’ sessions. Despite that, long-position takers should be careful of exerting new buying orders in the progression of the upside-moving stature of the crypto economy.
On the downside of the technical analysis, the ETH/USD market short-position takers continue to be on the lookout for where several rejections will have to re-surface at a higher resistance trading spot to observe a decent sell entry. Execution of a sell order without backing it with active correction will potentially lead the position opening into a losing trade stylishly over time.
ETH/BTC Price Analysis
In comparison, Ethereum is attempting to push out of a range-bound spot against Bitcoin. The currency pair price holds firmly to keep to its upside-moving mode to signify the counter crypto has been on the losing stance pairing with the base crypto over a couple of sessions. The 14-day SMA is closely beneath the 50-day SMA. The Stochastic Oscillators are in the overbought region, moving in a consolidation style. That showcases Ethereum is not yet giving in to the pressure that can result from Bitcoin until the present.
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