Ethereum

Rally

Momentum

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/digital-currencies-rally-as-ethereum-prepares-for-major-update" rel="noopener noreferrer nofollow">Digital Currencies Rally as Ethereum Prepares for Major Update</a><br></p>
<p style="text-align: justify">The cryptocurrency market is witnessing vibrant activity, with Ethereum’s anticipated Dencun update on March 13 potentially sparking further excitement. Ethereum’s price recently surpassed the $4,000 mark, a significant psychological threshold, after an extended period. This surge prompts questions about potential trends for Ethereum, Binance Coin (BNB), and <a href="https://en.bitcoinhaber.net/exploring-xrps-ascent-analyst-forecasts-march-milestone" rel="noopener noreferrer nofollow">Ripple</a> (<a href="https://en.bitcoinhaber.net/xrp-coins-struggle-amid-market-turbulence-and-legal-battles" rel="noopener noreferrer nofollow">XRP</a>).</p>
<h2 id="ethereum-s-bullish-momentum">Ethereum’s Bullish Momentum</h2>
<p style="text-align: justify">Despite bearish attempts to drag Ethereum’s price down to the $3,600 level, robust purchasing at lower prices is evident from the long wick of the March 11 candlestick. With the price now above $4,000, the pathway appears open for an ascent towards $4,372. Overcoming this resistance could further catapult the ETH/<a href="https://en.bitcoinhaber.net/the-tides-of-crypto-are-traditional-banks-set-to-dominate-the-stablecoin-market" rel="noopener noreferrer nofollow">USDT</a> pair to highs around $4,868. However, the market must tread cautiously as the relative strength index (RSI) has entered a deep overbought zone.</p>
<h2 id="bnb-s-upward-trajectory">BNB’s Upward Trajectory</h2>
<p style="text-align: justify">BNB is also showcasing a strong uptrend, with prices advancing past $460, fueling further bullish momentum. The BNB/USDT pair looks set to challenge the $560 resistance level, and if bulls maintain their stance near this level, the uptrend is likely to persist, potentially reaching up to $617. Key support levels to watch include $460 and the 20-day EMA average of $433.</p>
<p style="text-align: justify">XRP has seen repeated failures by bears to sustain prices below the 20-day EMA average of $0.60, which has seemingly attracted buyers. After overcoming the immediate resistance at $0.67, the XRP/USDT pair may aim for the significant resistance at $0.74. Successfully breaching this barrier could signal a new uptrend leading to price targets of $0.85 and $0.95. Conversely, a pullback from $0.74 would indicate that sellers are still exerting pressure at elevated levels, with potential retraction to the $0.67 support.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/digital-currencies-rally-as-ethereum-prepares-for-major-update" rel="noopener noreferrer nofollow">Digital Currencies Rally as Ethereum Prepares for Major Update</a></h5>

Digital Currencies Rally as Ethereum Prepares for Major Update

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