{"id":420625,"date":"2022-03-24T03:00:00","date_gmt":"2022-03-24T00:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-price-breaks-through-3k-but-analysts-warn-that-a-retest-is-needed\/"},"modified":"2022-03-24T03:00:00","modified_gmt":"2022-03-24T00:00:00","slug":"ethereum-price-breaks-through-3k-but-analysts-warn-that-a-retest-is-needed","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-price-breaks-through-3k-but-analysts-warn-that-a-retest-is-needed\/","title":{"rendered":"# Ethereum price breaks through $3K, but analysts warn that a retest is needed"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36ed596f6fa\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36ed596f6fa\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-price-breaks-through-3k-but-analysts-warn-that-a-retest-is-needed\/#%E2%80%9D_Ethereum_price_breaks_through_3K_but_analysts_warn_that_a_retest_is_needed_%E2%80%9C\" >&#8221; Ethereum price breaks through $3K, but analysts warn that a retest is needed &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-price-breaks-through-3k-but-analysts-warn-that-a-retest-is-needed\/#Upcoming_test_of_3125\" >Upcoming test of $3,125<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-price-breaks-through-3k-but-analysts-warn-that-a-retest-is-needed\/#Sentiment_is_neutral_until_3287\" >Sentiment is neutral until $3,287<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-price-breaks-through-3k-but-analysts-warn-that-a-retest-is-needed\/#A_possible_pullback_to_2600\" >A possible pullback to $2,600<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Ethereum_price_breaks_through_3K_but_analysts_warn_that_a_retest_is_needed_%E2%80%9C\"><\/span>&#8221; Ethereum price breaks through $3K, but analysts warn that a retest is needed &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The cryptocurrency market continues to forge ahead on March 23 despite facing headwinds on multiple fronts. At the moment, global conflict, rising inflation and widespread economic uncertainty are taking a toll on financial markets and helping to highlight the need for a diversified investmen portfolio.\u00a0<\/p>\n<p>Altcoins have managed to gain some ground in recent days, led by Ethereum, the top smart contract platform, which managed to climb back to the major support and resistance zone at $3,000 where bulls are now battling for control. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/f61ce9ed-16c9-455a-96eb-35617222aa2d.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USDT 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Here\u2019s a look at what several analysts in the market are saying about the path forward for Ether and whether or not further upside is expected in the short-term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_test_of_3125\"><\/span>Upcoming test of $3,125<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> overview of the recent price action was provided by crypto analyst Micha\u00ebl van de Poppe, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1506658217652371463\">posted<\/a> the following chart showing \u201cEthereum moving upward after holding crucial level.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/335b8489-c53e-46f6-8636-cf6a23ec4daf.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 2-hour chart. Source: <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>van de Poppe said, <\/p>\n<blockquote><p>\u201cSeems to me that we&#8217;re going to test $3,125 next.\u201d<\/p><\/blockquote>\n<p>But not all traders were so quick to look for a higher price target, including pseudonymous Twitter user \u2018Chartpunk\u2019, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/The_Chartpunk\/status\/1506260255377956872\">posted<\/a> the following chart highlighting the ten-day uptrend for Ethereum and warned against jumping into an overheated market. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/3bd7ff70-4391-40c5-8ed7-47f4e5dc5e82.jpg\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 4-hour chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>Chartpunk said, <\/p>\n<blockquote><p>\u201cDo not FOMO into the market. Should you want to join the trend, look for the retest of the entry zone on this chart.\u201d<\/p><\/blockquote>\n<p>Based on the area highlighted in the chart, Charpunk is looking for re-entry around $2,975. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sentiment_is_neutral_until_3287\"><\/span>Sentiment is neutral until $3,287<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A more measured <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to the current price action was offered by crypto trader and pseudonymous Twitter user \u2018Mad Max Crypto\u2019, who posted the following chart indicating a \u201cNeutral bias till it flips the $3,287 mark.\u201d <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/7faefaac-f0aa-4e6d-9aa4-a2e90759a886.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USDT 1-day chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>This outlook was largely echoed by cryptocurrency advisor and pseudonymous Twitter user \u2018Altcoin Sherpa\u2019, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AltcoinSherpa\/status\/1506667986966491156\">posted<\/a> the following chart highlighting the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of higher lows and higher highs made by Ether. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/c2e59743-383d-4c70-a5fb-f68ae4c93cd4.jpg\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 1-day chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>Altcoin Sherpa said, <\/p>\n<blockquote><p>\u201cI think that you can make an argument for breaking market structure to the upside on lower time frame charts but I&#8217;m personally waiting for the higher levels. Regardless, ETH2.0 fundamentals are going to be strong coming soon.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>ETH price hits $3K as major crypto fund adds over $110M Ethereum to Lido&#8217;s staking pool<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_possible_pullback_to_2600\"><\/span>A possible pullback to $2,600<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A final bit of analysis on the lower price levels to keep an eye on was touched on by crypto trader and pseudonymous Twitter user \u2018Follis\u2019, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/follis_\/status\/1506567359817031681\">posted<\/a> the following chart suggesting the possibility of a pullback to $2,600. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/411c2256-ac24-4180-8ad4-dee64cdd45ab.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USDT 8-hour chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>Follis said, <\/p>\n<blockquote><p>\u201cStrong reaction from that sweep into supply, but most hourly time frames are bullish, and I expect more upside as long as we don&#8217;t close below $2,800. $2,600 area is interesting if we get a pullback, the 0.79 fib has worked well within this macro range.\u201d<\/p><\/blockquote>\n<p>The overall cryptocurrency market cap now stands at $1.919 trillion and Bitcoin\u2019s dominance rate is 41.7%.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-price-breaks-through-3k-but-analysts-warn-that-a-retest-is-needed\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Ethereum price breaks through $3K, but analysts warn that a retest is needed &#8220; The cryptocurrency market continues to forge ahead on March 23 despite facing headwinds on multiple fronts. At the moment, global conflict, rising inflation and widespread economic uncertainty are taking a toll on financial markets and helping to highlight the need&#8230;<\/p>\n","protected":false},"author":1,"featured_media":420626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNTJjNDQ3NGYtZGUwZS00Zjk2LWIzOTEtYWM3NjA3ZmU1MDhjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,74860,82402,74891,74938,75150,73785],"class_list":["post-420625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-ether-price","tag-ethereum","tag-ethereum-price","tag-market-update","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/420625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=420625"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/420625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/420626"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=420625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=420625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=420625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}