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17.03.202307:48 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Ethereum Cryptocurrency, Friday, March 17 2023.

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Currently the Ethereum Cryptocurrency on the 4-hour chart is being held down by the Daily Bullish Fair Value Gap which acts as a significant support area level so that Ethereum has the potential to appreciate up above the 1759.54 level if this level is successfully broken and as long as there is no downward correction below the level of 1543.52 then Ethereum has the potential to continue its rally up to the level of the area of 1808.89-1872.50 and if the momentum and volatility support it then it is possible that the area level of 1942.32-1788.23 will be the next target to be addressed.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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