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01.03.2024 11:49 AM
Technical Analysis of Intraday Price Movement of Ethereum Cryptocurrency, Friday March 1 2024.

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With the appearance of a deviation pattern between the price movement of the Ethereum cryptocurrency and the Stochastic Oscillator indicator, this gives an indication that in the near future Ethereum has the potential to weaken downwards where Ethereum will try to breaks below the level of 3313.68. If this level is successfully broken below, Ethereum has the opportunity to go below the area level 3209.06 - 3165.59 is the main target and if the momentum and volatility are sufficient to support it then the area level 3114.05 - 3037.48 is not impossible to achieve as the next target for Ethereum, you just need to pay attention if it is on its way to the target levels outlined previously. suddenly Ethereum experiences a strengthening correction, especially if it breaks above the 3518.70 level, then all the decline and weakening scenarios that have been described previously have the potential to become invalid and automatically cancel by themselves.

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