Click CTRL+D or CMD+D

Ethereum Price Prediction 2022 | 3 March | ETH Market Update

Ethereum Price Prediction 2022 | 3 March | ETH Market Update

Kavya Barua

Kavya Barua is a voracious learner captivated by crypto and Fintech breakthroughs. Graduated from the University of Delhi's B.A (Hons) English program at Janki Devi Memorial College. She desires to be a successful professional with a strong interest in learning and accomplishing outcomes.

Table of Contents

Following two consecutive higher sessions, the Ethereum Price Prediction 2022 remains subdued in today’s session. Price appears to have taken a breather before charging toward the swing highs of $3,057.81. The crypto markets are ruled by market uncertainty and volatility as investors await two key events.

Let’s dig into the Ethereum’s Technical Movement.

Ethereum Price Prediction 2022

ETH/USD is currently trading at $2,906.38, down 2.28 percent on the day. The second-largest cryptocurrency by market cap, according to CoinMarketCap, has a 24-hour trading volume of $15,165,650,298 USD.

In the most recent update, the Ethereum team announced a reduction in gas fees as a result of the ongoing Serenity upgrade, which is essentially good news for the blockchain. ETH, on the other hand, appears unfazed by the development.

Ethereum Price Prediction 2022 | 3 March | ETH Market Update imgpsh fullsize anim | BuyUcoin

On the daily chart, the price of Ethereum (ETH) retraced nearly 30% from the swing highs of $3,284.75 and tested February lows of $2,300. As buying emerges near the mentioned levels, investors respected the demand zone extending from $2,159 to $2,300.

If the price remains above the session’s high, it will next test the critical 200-day EMA (Exponential Moving Average) at $3,246.

A break below Tuesday’s low, on the other hand, will trigger a new round of selling in the asset. The immediate downside target could be found near the $2,560.78 horizontal support zone.

Technical Indicators:

RSI: The Daily Relative Strength Index (RSI) is currently reading 53 points above the average line.

MACD: The Moving Average Convergence Divergence (MACD) is below the midpoint but with a positive sign.

[wpdiscuz-feedback id=”rgc25go113″ question=”Please leave a feedback on this” opened=”0″][/wpdiscuz-feedback]

Read More About Ethereum

Buy Ehereum in India At The Best Price

Stay Tuned and Subscribe, for Ethereum Price Prediction 2022 Daily Updates.

Click CTRL+D or CMD+D


All Articles


Get Free Bitcoin on Trading

Join BuyUcoin Trade & Win up to ₹100 Worth of Bitcoin, Ethereum & Chainlink.
Use BUYUCOINFREBTC Coupon on Signup, Visit rewards Section to claim your reward.
Claim Now