Ethereum

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-maintains-strength-above-70000-as-altcoins-follow-suit/" data-wpel-link="internal">Bitcoin Maintains Strength Above $70,000 as Altcoins Follow Suit</a> 
<a href="https://coin-turk.com/unlu-teknik-analist-350-bin-takipcisine-duyurdu-bitcoin-btc-icin-kritik-veriler" data-wpel-link="internal">Bitcoin</a> remains above the $70,000 mark, and the bears’ dream of a dip below $60,000 is fading into despair. For <a href="https://coin-turk.com/analistler-yorumladi-bu-uc-altcoine-dikkat" data-wpel-link="internal">altcoin</a> investors, things are generally going well as <a href="https://coin-turk.com/kriptolar-adina-buyuk-adim-bu-buyuk-firma-da-kripto-ekosistemine-giriyor" data-wpel-link="internal">BTC’s</a> strong performance boosts appetite for other cryptocurrencies despite the negativity. However, <a href="https://en.coin-turk.com/ethereum-price-analysis-will-ethereum-fall-or-rise/" data-wpel-link="internal">Ethereum</a> continues to linger around $3,500 after a regulatory blow from the US. 
<h2 style="text-align: justify" id="ethereum-eth">Ethereum (ETH)</h2> 
According to the Pi Cycle Top indicator, a consolidation signal is emerging for the price. At the time of writing, the indicator’s upper limit is at $4,231 with a base at $2,750. This suggests a consolidation area for the bulls to catch their breath, rather than a peak, and could also be a precursor to the next rise. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-334640 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Pi-Cycle-Top-indikator.webp" alt="" width="1259" height="630"> 
When the price surpasses the long-term average (350 days times 2), we might think a market peak is near and a downturn is approaching. If it’s below the short-term average, the price is considered cheap. Currently, the <a href="https://en.coin-turk.com/ethereum-faces-critical-price-levels-according-to-analyst/" data-wpel-link="internal">ETH</a> price may continue its sideways movement for a while as it’s nearly in the middle of both. 
<h2 style="text-align: justify" id="eth-price-prediction">ETH Price Prediction</h2> 
ETH’s Net Unrealized Profit/Loss (NUPL) continues to balance steadily between “Optimism – Anxiety” and “Belief – Denial.” Optimism was expected to increase exponentially towards May, with investors moving with a greater appetite for risk. However, the <a href="https://en.coin-turk.com/investor-chris-burniske-predicts-further-decline-for-bitcoin-and-altcoins/" data-wpel-link="internal">SEC</a>‘s move against Ethereum significantly weakened the possibility of ETF approval this year. 
As investors become more certain of ETF rejections, which they believe to be a good price catalyst, the price has anchored below $4,000. This supports the consolidation signal mentioned in the first section. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-334641 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/eth-29-mart-fiyat.png" alt="" width="1916" height="832"> 
On the four-hour chart, the EMA lines are close to each other, confirming the continuation of the consolidation process. In other words, ETH may continue to see uneventful days for a while. If volatility increases, there’s a resistance at $4,100 above. Daily closes above this level could lead to a move towards the all-time high. 
On the other hand, if the $3,200 level is lost, a downward breakout could occur. In this case, the likelihood of the price forming a new bottom between $2,900 and $2,750 would increase. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-maintains-strength-above-70000-as-altcoins-follow-suit/" data-wpel-link="internal">Bitcoin Maintains Strength Above $70,000 as Altcoins Follow Suit</a></h5>

Bitcoin Maintains Strength Above $70,000 as Altcoins Follow Suit

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