Ethereum

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-continues-to-adapt-in-a-stagnant-market/" data-wpel-link="internal">Ethereum Continues to Adapt in a Stagnant Market</a> 
<a href="https://coin-turk.com/bu-ayin-en-cok-konusulan-altcoin-simetrik-ucgen-gizemi-fiyat-nereye-gidiyor" data-wpel-link="internal">Altcoin</a> king <a href="https://en.coin-turk.com/ethereum-price-dynamics-and-market-activity/" data-wpel-link="internal">Ethereum</a> continues to adapt to a stagnant market environment. At the time of writing, Ethereum is trading at $3398, experiencing a 0.71% decrease over the last 24 hours. This performance is notable compared to many other <a href="https://coin-turk.com/isvicre-bankasi-ether-ve-bitcoin-cash-satmaya-basladi" data-wpel-link="internal">altcoins</a>. So, what can be expected for Ethereum moving forward? Let’s take a look. 
<h2 class="p1" style="text-align: justify" id="ethereum-weekly-chart-analysis">Ethereum Weekly Chart Analysis</h2> 
Ethereum’s weekly chart shows a rising channel formation that has provided significant clues to investors, leading to a breakout on March 2nd. Following this breakout, Ethereum’s price continues to gain momentum. 
The most important support levels to watch on the weekly Ethereum chart are $3105, $2877, and $2714, respectively. A weekly bar close below the significant support level of $3105 could lead to a loss of momentum for Ethereum’s price. 
The most critical resistance levels to monitor on the weekly Ethereum chart are $3552, $3814, and $4043, respectively. A weekly bar close above the significant hurdle of $3552, encountered on March 3rd, would likely accelerate Ethereum’s upward momentum. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-322358 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/eth-haftalik.png" alt="" width="2466" height="1152"> 
<h2 class="p1" style="text-align: justify" id="eth-btc-chart-analysis">ETH/BTC Chart Analysis</h2> 
The weekly ETH/<a href="https://en.coin-turk.com/jpmorgan-analysts-set-the-final-point-for-bitcoin-etfs-they-will-accept/" data-wpel-link="internal">BTC</a> chart features a descending channel formation that offers important insights through support and resistance touches. A weekly bar close below the EMA 200 (red line) could suggest a negative long-term scenario for Ethereum. However, a weekly close at the current level of 0.5517 could indicate an upward trend within the formation. 
Key support levels to follow on the ETH/BTC chart are 0.05396, 0.05186, and 0.04978, respectively. A weekly bar close below the critical level of 0.05396 could lead to Ethereum continuing to lose value against <a href="https://coin-turk.com/abdli-yatirimcidan-carpici-bitcoin-tahmini-btc-uzun-vadede-bu-fiyat-seviyelerine-ulasabilecek-mi" data-wpel-link="internal">Bitcoin</a>. 
Important resistance levels to watch on the ETH/BTC chart are 0.05642, 0.05864, and 0.06073, respectively. A weekly bar close above the EMA 200 level, particularly above 0.05864, would likely foster an upward trend for Ethereum against <a href="https://en.coin-turk.com/anthony-scaramucci-the-current-state-of-the-financial-system-and-bitcoins-role/" data-wpel-link="internal">Bitcoin</a>. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-322357 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/ethbtc-grafik-.png" alt="" width="2440" height="1182"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-continues-to-adapt-in-a-stagnant-market/" data-wpel-link="internal">Ethereum Continues to Adapt in a Stagnant Market</a></h5>

Ethereum Continues to Adapt in a Stagnant Market

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