Ethereum Stalls, But ETH Prices May Rally Above $2,000 on Shanghai Tailwinds
Ethereum prices are lower at spot rates but the Shanghai upgrade may provide tailwinds for optimistic ETH buyers targeting $2,000.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
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.
BNB remains bullish though prices are stable and trending inside a rising channel. Binance is back in operation after an engine glitch.
Bitcoin remains in an uptrend despite the contraction on March 22. Resistance remains at $29k while support lies at $26.6k.
Ethereum is steady, pushing higher and could break above $1.85k in the days ahead. It comes despite ETH trailing Bitcoin.
Follow us on Social Networks
Crypto Tutorials
Crypto Reviews
Ads
© Crypto Economy