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Alright, here’s a rewritten version of the Ethereum (ETH) cost forecast for March 22nd, keeping in mind that I might include a touch of human interpretation to enhance its readability:
**Ethereum (ETH) Cost Forecast – March 22nd**
*Disclaimer: Please bear in mind that this represents merely the author’s viewpoint and does not necessarily represent U.Today’s formal position. Cryptocurrency trading carries risks, therefore U.Today disclaims any liability for potential losses. Always seek advice from a financial expert and conduct your own investigation before making investments. Although we consider this information to be precise as of the current date, certain offers mentioned might no longer be accessible.*
Information from CoinMarketCap indicates that the majority of cryptocurrencies are performing favorably as the weekend commences. Let’s examine Ethereum.
**ETH/USD Analysis**
Ethereum’s cost has risen by 2.38% over the past 24 hours.
Analyzing the hourly chart, it appears that ETH may encounter some opposition around $2,006. The cost is not particularly near that mark yet, thus it’s crucial to observe whether it can remain above $2,000.
Should it conclude above $2,000, we might observe it evaluating the $2,020-$2,030 spectrum tomorrow.
Extending to a wider timeframe, the scenario is comparable – neither purchasers nor vendors possess genuine dominance. Diminished trading volume validates this. Should circumstances persist, we’ll likely witness it trading horizontally between $1,950 and $2,050.
Considering the broader perspective, conditions still tend toward bearish. Should the bulls relinquish the $2,000 threshold, the cost could decline further, potentially reaching the $1,500-$1,600 area.
Currently, Ethereum is being traded at $1,988. Toncoin (TON) Value Forecast for March 26th
