Ethereum (ETH) Price Analysis for March 29
Bulls have totally seized the initiative as all of the top 10 coins are again in the green zone.
The rate of Ethereum (ETH) has risen by 4.19% over the last 24 hours.
On the hourly chart, the price of Ethereum (ETH) is coming back to the accumulation zone. If the candle closes below the resistance at $1,817, there are good chances to see the correction to the area below $1,800. Such a scenario is relevant until tomorrow.
On the bigger time frame, the rate of Ethereum (ETH) has continued to rise after a bounce back from the support level at $1,715. At the moment, one should pay attention to the bar closure.
If it closes above the $1,800 zone, there is a possibility of a further upward move to the resistance at $1,846.
From the midterm point of view, the situation is much better as the price is trading near the resistance at $1,846. If the breakout of the $1,846 mark happens, the rise may continue to the next zone of $2,000. Such a scenario is relevant until mid-April.
Ethereum is trading at $1,809 at press time.