Ethereum Price Analysis
The ETH/USDT pair fell from its 20-day EMA on March 22, indicating that market sentiment has turned negative and traders are selling on the highs.
Sellers will once again attempt to break above the 50-day moving average support. If they succeed, the pair could drop to $2,717.
Conversely, if the price bounces off the 50-day moving average, it will indicate that the pair is likely to remain between the moving averages.
The bullish momentum is likely to increase once the pair moves above $3,700. The pair may then hit overhead resistance at $4,100.
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