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Ethereum (ETH) Price Prediction for March 22
As the cryptocurrency market continues to fluctuate, Ethereum’s price has been holding steady around $1,988 at press time. Despite some brief dips and spikes in recent days, the overall trend remains unclear.
In a recent article, we discussed Cardano’s (ADA) uncertain future, noting that it is essential to focus on the daily closure above or below the crucial $2,000 mark. The same principle applies to Ethereum, as any significant movement towards or away from this level will significantly impact the short-term outlook.
On the shorter time frame, there are no clear signs of an impending breakout or breakdown. None of the sides is dominating, and trading volume remains low. If nothing changes, it’s likely that we’ll see ongoing sideways trading within the range of $1,950-$2,050.
From a midterm perspective, the picture looks more bearish than bullish. If Ethereum fails to hold above the $2,000 mark, a potential drop towards the $1,500-$1,600 area is possible.
Keep in mind that this price prediction for March 22 is based solely on current market data and should not be considered investment advice. Always conduct your own research before making any financial decisions.
Source: U.Today
Source: https://u.today/ethereum-eth-price-prediction-for-march-22
