Altcoin Bulls Eye Rebound Off Key Support: How to Trade Ethereum, Solana, Dogecoin

ETH/USD News

Altcoin Bulls Eye Rebound Off Key Support: How to Trade Ethereum, Solana, Dogecoin
EthereumDogecoinDOGE/USD
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Commodities Analysis by Investing.com (Günay Caymaz) covering: ETH/USD, Ethereum, Dogecoin, DOGE/USD. Read Investing.com (Günay Caymaz)'s latest article on Investing.com

Solana's upward momentum has slowed in March and a key support level awaits in case of a correction.) hit record highs at the latter part of March, cryptocurrency markets have been unstable, seeking a clear direction while forming lower highs and higher lows. Ethereum has been oscillating between roughly $3,300 and $3,500 for the last 3 weeks. According to the recent uptrend, Ethereum is at risk of extending the correction if it closes this week below $3,500.

In the coming days, ETH may once again test the resistance area at $3,975 - $4,150 as it finds support in the $3,265 - $3,315 range. Breaking the support zone with weekly closures may cause ETH to continue up to $ 2,800. The support point in the lower area, which has not yet been tested as demand remains strong, is at about $163.

In the last case, we could see a rebound from the $0.17 region. This area coincides with the trend line of late February origin, where DOGE's last uptrend began.

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