Here is our video about Ethereum Price Analysis March 2021. The Ethereum price is nearly touching its all-time highs, however it seems to be lacking volume to break above and reach new levels at the moment. Ethereum price March might point to the downside as bearish momentum seems to be building up.
The Ethereum analysis shows the network is growing stronger over time and one of Ethereum’s most exciting properties called “comparability” is supporting that trend. Thanks to that property, developers can use the protocol like Lego blocks so each block is building on the rest, and thus the final product in DeFi becomes very advanced in the traditional world.
The Ethereum technical analysis unveils short-term pullback from recent highs with a possibility for a rally if the price doesn’t break below $1,658. The $1,658 support level was a neckline of the inverse head and shoulders pattern that recently played out on the H4 chart. Ethereum price March 2021 will be influenced by any declines below the shoulder around $1,420. A potential drop below that level could invalidate the upward trend for Ethereum March.
Watch the full video for our take on Ethereum price target and a deeper insight into what to expect in the weeks ahead from our Ethereum forecast. Drop us a line in the comments with your thoughts on Ethereum March 2021. To be notified about the latest Ethereum analysis and news, subscribe to Capital.com, and click that notification bell.
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