Ethereum Price Prediction – March 21
The Ethereum price prediction shows that ETH is likely to break above the moving averages as the coin crosses above the channel.
Resistance levels: $3500, $3700, $3900
Support levels: $2300, $2100, $1900
ETH/USD is likely to refresh to a new high as the coin trades above $2900 with a bullish crossover and trend in the intraday. Today, the number Ethereum price is likely to trade above the upper boundary of the channel as the higher resistance is expected at the $3000 resistance level.
Ethereum Price Prediction: Ethereum (ETH) Ready to Spike Above the Channel
At the time of writing, the Ethereum price is likely to increase the bullish movement if the 9-day MA crosses above the 21-day MA. Currently, the technical indicator Relative Strength Index (14) is moving above 55-level and may likely send bullish signals to encourage more buyers to enter the market.
Meanwhile, if the coin slides below the moving averages, the price could hit the support levels at $2300, $2100, and $1900 respectively. More so, if the technical indicator Relative Strength Index (14) crosses above 60-level, there may be a strong bullish movement which could push the market to the resistance levels of $3500, $3700, and $3900.
When compared with Bitcoin, Ethereum (ETH) is trading above the 9-day and 21-day moving averages as the price makes a retreat below the daily high of 7185 SAT. However, for the fact that the market is ready to cross above the upper boundary of the channel, the crypto is likely to create additional higher levels.
However, if the buyers push the market price above the upper boundary of the channel, ETH/BTC may touch the resistance level of 7700 SAT and above. Meanwhile, strong selling pressure could bring the price below the moving averages, and this could attract new sellers coming into the market with the next focus on the support level of 6400 SAT and below, but the technical indicator Relative Strength Index (14) moves to cross above 60-level.
Looking to buy or trade Ethereum (ETH) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider