Ethereum prices have dropped sharply, breaking past the key $2,000 mark.
Ethereum Price Long-Term Analysis: Bearish
As reported by Coinidol.com, the downward trend of ether has eased after the price drop on March 10th. The largest altcoin moved into range after falling to $1,889 at the lowest points. Ether is trading above support for $1,800 for a week, but below the resistance/moving average line at $1,950. Doji Candlesticks has slower prices and is limited.
The ether is rising today as it approaches its $2,000 peak, and if it breaks beyond the 21-day SMA, it will return to a positive direction. If the largest Altcoin can’t exceed the $2,000 level, it will continue to fluctuate.
Ethereum indicator analysis
The price bar is below the moving average line and is down significantly. Prices for the 4-hour chart are between the horizontal moving average lines. Doji Candlesticks dominate price action and slow down price movements.
Technical indicators:
Major Resistance Levels – $4,000 and $4,500
Key Support Levels – $2.000 and $1,500
What’s next in Ethereum?
Prices have been revised upwards, but the ether is stable beyond the $1,800 support. Prices settled between the moving averages on the 4-hour chart.
The ether is stuck between the moving average lines, which will likely force you to continue moving in the direction of range.
Disclaimer. This analysis and prediction is the author’s personal opinion. They do not recommend buying and selling cryptocurrencies and should not be considered as approval by coinidol.com. Readers should do research before investing in funds.
