Ether Struggles Above $3,800 As It Reaches An Overbought State
Mar 07, 2024 at 01:26 // Price
Author Coin Idol
The price of Ethereum (ETH) has retested the $3,800 resistance twice as buyers try to sustain the upside momentum above this level.
Long-term analysis of the Ethereum price: bullish
Buyers are planning to push the largest altcoin to a high of $4,000. On March 5, Ether tested resistance around $3805, but then quickly fell to a low of $3,200. Bulls immediately bought the dips, and Ether returned to a high of $3,830 at the time of writing.
The extended candlestick tail on March 5 indicates significant buyi...