Apr 01,2021
Bee Column: ETH/USD price analysis for Apr01

Yesterday morning, the sales volume was very small, so the price of Ether fell not much. Buyers found support near the POC line and tried to restore the price to the upper limit of the channel.

By the end of today, the pair was able to test the resistance of $1,860, which kept the price of Ethereum (ETH) in a sideways range until this morning. If the bulls can increase their purchases, they will update their March highs near $3,950 today. If the upper border of the channel keeps the currency pair in a lateral range, the price will fall back to the two-hour EMA55.

As of press time, Ethereum is trading at $1,943.

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