Ethereum Price Prediction: ETH/USD Consolidates Under $140 Before Moving Up Higher
ETH Price Prediction – March 27
The Ethereum price is making an attempt to lift off to levels above $160 but fundamentals keep lagging behind.
Resistance levels: $170, $175, $180
Support levels: $100, $95, $90
ETH/USD is seen moving in a tight range. Ethereum, the second-largest digital asset with the current market value of $15.10 billion, early this morning, tested above $142 level before retreating to the current level of $136.41. According to the daily chart, the Ethereum price is seen trading under the key resistance of $140 zone.
Moreover, as the price moves within the chart, the downside is strongly protected at $135 level. Nevertheless, the bulls are still in control of the market movement but the main goal is to step above the 9-day and 21-day moving averages and sustain gains above $150. At the time of writing, ETH/USD has a market value of $136.41. The price is doddering within the moving averages in the daily range.
Similarly, ETH/USD continues to follow the sideways movement within the ascending channel and any attempt to break below the channel, the bears may see the critical support at $100, $95 and $90 levels. In other words, if the bulls push the price above the moving averages and maintain the upward movement, the buyers may likely find resistance at $170, $175 and $180.
More so, the technical indicator RSI (14) is seen moving in the same direction, which indicates that the market is indecisive now.
When compared with Bitcoin, the market price remained within the descending channel as the bears are pushing to the south. The Ethereum pair is currently trading at 0.020 BTC as the bulls are restless. More so, if the market continues to fall, the next key supports for the coin may likely be at 0.018 BTC and below.
On the upside, a possible bullish movement may likely push the market above the 9-day moving average before crossing the 21-day moving average, when this is done, the resistance level of 0.023 BTC and above could be visited but the RSI (14) is moving around 32-level and this indicates that the market is following a sideways movement.
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