Mar 23,2021
Bee Column: ETH/USD price analysis for March 23

Last weekend, the price of Ethereum failed to break through the $1,860 level and continued to trade sideways in the POC line area ($1,800) for a two-week marathon.

Now, the seller pushes the price of Ethereum (ETH) below the point of control (POC) indicator line and keeps the currency pair below the two-hour EMA55. If the bearish pressure intensifies, the pair may test the $1,680 support level. In a longer time frame, the Stoch RSI indicator line formed a signal for the price of Ethereum to rebound. It can be assumed that at the beginning of the week, the bulls are preparing to break the resistance at $1,860 and retest the $1,950 level.

As of press time, the trading price of Ethereum is $1,702.

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