Ethereum

Billion

Time

<ul class="list-ic vertical">
 <li><span>1</span> <a>ETH price showcased a rebound from the 50-Day EMA mark near $3200.</a></li>
 <li><span>2</span> <a>Bulls are attempting a significant reversal to retain the $4000 zone.</a></li>
</ul>
<p>The Ethereum coin (ETH) price has retraced over 25% from the round mark of $4000 and witnessed profit booking in the past week. Moreover, the price action shows that Ethereum price has taken support on the 50% Fibonacci support zone and a pullback was triggered in the intraday session. However, the mighty bulls must hold the 50-Day EMA to prevent any further selloff. Until the $3000 mark is not breached by the sellers, the trend will remain bullish and the rally will resume in the next few sessions.</p>
<p>At press time, the<a href="https://www.thecoinrepublic.com/2022/06/30/eth-price-analysis-bears-continue-to-have-a-vice-like-grip-on-ethereum-coin/" target="_blank" rel="noopener noreferrer nofollow"> Ethereum coin </a>(ETH) price was trading at $3279.10 with an intraday gain of 0.67%, reflecting neutrality on the charts. It has a monthly return ratio of 14.89% and 89.23% on a yearly basis. The pair of ETH/BTC is at 0.0516 BTC, and the market cap is $401.08 billion. Analysts are bullish and suggest the ETH coin may continue to replicate outperformance in the next few sessions.</p>
<h2 class="wp-block-heading" id="strong-ethereum-price-to-volume-profile-showcasing-retracement-strong"><strong>Ethereum Price To Volume Profile Showcasing Retracement&nbsp;</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (ETH), Volume (ETH)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ethereum&amp;pt=ETH&amp;df=2024-01-26T00%3A00%3A00.000Z&amp;dt=2024-03-19T18%3A29%3A59.160Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%23284731%3B%237a89c9&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B" scrolling="no"></iframe>
<p>After delivering a much awaited rally and a notable surge of over 65% last month, investors are now booking their profits, which led to a price retracement this week. However, the trend is still bullish and a bounce is anticipated shortly. The ETH coin has noted higher high and higher low swing, and has taken support on the 50-Day EMA mark in the previous session. The trading volume remained average and surged over 5% to $27.89 Billion in the last 24 hours.</p>
<h2 class="wp-block-heading" id="strong-price-volatility-skyrocketing-sentiment-remain-neutral-strong"><strong>Price Volatility Skyrocketing, Sentiment Remain Neutral&nbsp;</strong></h2> <iframe loading="lazy" title="Santiment Chart: Weighted sentiment (Total) (ETH), Price Volatility 1w (ETH)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ethereum&amp;pt=ETH&amp;df=2024-01-26T00%3A00%3A00.000Z&amp;dt=2024-03-19T18%3A29%3A59.160Z&amp;emcg=1&amp;emhwm=1&amp;wm=sentiment_volume_consumed_total%3Bprice_volatility_1w&amp;wax=0%3B1&amp;wc=%233b6dc6%3B%23FF5B5B&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>The above data reveals a massive incremental move in the volatility curve, which has spiked over 200% to 0.058 this week. This sharp volatility revealed the investor interest and massive trading activity. However, the weighted sentiment remained neutral and the curve shows a steady move and is staying close to the midline of 0.016.</p>
<h3 class="wp-block-heading" id="strong-what-does-gas-used-data-and-liquidity-deposits-show-strong"><strong>What Does Gas USed Data and Liquidity Deposits Show?</strong></h3> <iframe loading="lazy" title="Santiment Chart: Active Addresses 7d (ETH), Gas Used (ETH), Liquity Deposits (ETH)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ethereum&amp;pt=ETH&amp;df=2024-01-26T00%3A00%3A00.000Z&amp;dt=2024-03-19T18%3A29%3A59.160Z&amp;emcg=1&amp;emhwm=1&amp;wm=active_addresses_7d%3BgasUsed%3Bliquity_action_deposits&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%3B%7B%22node%22%3A%22area%22%7D%3B" scrolling="no"></iframe>
<p>Per the Santiment data, the gas used data remained average around the value of $11.24, revealing a stable outcome for the transactional work. However, the liquidity deposits dropped over 1.26% to 3 this week. Additionally, the weekly active addresses value was noted at 2.88 million.</p>
<h3 class="wp-block-heading" id="strong-whale-transaction-activity-and-eth-spent-over-time-looks-neutral-strong"><strong>Whale Transaction Activity and ETH Spent Over Time Looks Neutral</strong></h3> <iframe title="Santiment Chart: Eth Spent Over Time (ETH), Whale Transaction Count (>100k USD) (ETH), Whale Transaction Count (>1m USD) (ETH)” width=”1170″ height=”425″ src=”https://embed.santiment.net/chart?ps=ethereum&amp;pt=ETH&amp;df=2024-01-26T00%3A00%3A00.000Z&amp;dt=2024-03-19T18%3A29%3A59.160Z&amp;emcg=1&amp;emhwm=1&amp;wm=ethSpentOverTime%3Bwhale_transaction_count_100k_usd_to_inf%3Bwhale_transaction_count_1m_usd_to_inf&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%7B%22node%22%3A%22area%22%7D%3B%3B” scrolling=”no”></iframe>



<p>The Whale activity showcased consistent effort of the investors and noted a rise this week. The Whale transaction count value rose to 170, whereas the ETH spent over time value kept rising and reached the 999 mark, signifying a consistent growth in the transactional activity day by day.</p>



<p>Per the Fib levels, the ETH price has slipped below the 61.8% zone and has retested the 50% zone, from where a bounce was noted. However, the RSI curve stayed close to the midline and noted a positive divergence signifying the neutral outlook</p>



<h3 class=" wp-block-heading>&amp;lt;strong&amp;gt;Summary&amp;lt;/strong&amp;gt;&amp;lt;/h3&amp;gt; &amp;lt;p&amp;gt;The Ethereum price has taken support on the $3200 support zone and witnessed a rebound in the previous session. However, the bulls need to cross the 20-Day EMA mark to gain momentum, which might lead to retaining the $4000 mark soon.&amp;lt;/p&amp;gt; &amp;lt;h4 class="wp-block-heading"&amp;gt;&amp;lt;strong&amp;gt;Technical Levels&amp;lt;/strong&amp;gt;&amp;lt;/h4&amp;gt; &amp;lt;p&amp;gt;&amp;lt;strong&amp;gt;Support Levels:&amp;lt;/strong&amp;gt; $3100 and $3000&amp;lt;/p&amp;gt; &amp;lt;p&amp;gt;&amp;lt;strong&amp;gt;Resistance Levels:&amp;lt;/strong&amp;gt; $3350 and $3500&amp;lt;/p&amp;gt; &amp;lt;h5 class="wp-block-heading"&amp;gt;&amp;lt;strong&amp;gt;Disclaimer&amp;lt;/strong&amp;gt;&amp;lt;/h5&amp;gt; &amp;lt;p&amp;gt;The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&amp;amp;nbsp;&amp;lt;/p&amp;gt; </iframe>

Ethereum Price Prediction: Can ETH Retain $4000 This Month?

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