15th February 2022 | ZebPay Trade-Desk

ETH is down 4% week on week but has gained some traction over the past 24 hours, up 7%. ETH dominance is at 18.6%, and market capitalization is currently at $362bn. ETH seems to have solidified its foothold on the critical $3K support line, finding significant buying volume around the threshold. 

At the time of writing, ETH is trading at $3,020

ETH after making the recent high of $3,288 witnessed some profit booking and the asset corrected almost by 13.5% and made a low of $2884. ETH took the support at its 20 Day Moving Average and bounced back above the psychological level of $3k. The asset has a strong resistance zone from $3,300 to $3,415. If it breaks and closes above these levels then we can expect the prices to rally up to $3,850. Rising Moving Average and RSI above 50 indicates a good and positive sign for the asset.

Support 2Support 1AssetResistance 1Resistance 2$2,400$2,750ETH$3,400$3,850

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