Dalmas Ngetich - Crypto Economy

Ethereum (ETH) Retraces from $2,140 after a 50% Surge in 5 Weeks

Ethereum prices are cooling off but this comes after an impressive surge above $2,000 which saw the coin rally 50% in 5 weeks from mid-March.

Cardano is one of the top performing assets, rallying over 50% in 5 weeks. In a bullish breakout, there could be more gains ahead for ADA.

Bitcoin buyers are in control and may surge to $32k, or better, in sessions ahead as inflation continues dropping in the United States.

Ethereum prices are lower at spot rates but the Shanghai upgrade may provide tailwinds for optimistic ETH buyers targeting $2,000.

Avalanche prices are struggling to push higher despite the recent Cortina upgrade. AVAX resistance remains at $18.

Bitcoin prices remain in a rising channel with subdued price action, looking at the BTC daily chart. Still, the uptrend is firm.

Ethereum buyers have the upper hand, pressing on as traders target $2,000 ahead of the Shanghai upgrade in mid-April.

Ripple prices might have contracted from recent peaks but the uptrend remains and XRP might close above $0.58.

Bitcoin prices retraced from $29k after a 75% surge in Q1 2023. The BTC uptrend remains even though prices remain inside a rising channel.

Ethereum is bullish and ETH bulls appear to be targeting $2,000 ahead of the Shanghai Upgrade set for April 12.