Ethereum

Cryptocurrency

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-into-the-cryptocurrency-market-three-altcoins-to-watch/" data-wpel-link="internal">Insights into the Cryptocurrency Market: Three Altcoins to Watch</a><br></p>
<p class="p2" style="text-align: justify">Despite the high risk in the cryptocurrency market recently, the period is rewarding investors who can get through this phase. However, investors need to be cautious because sharp declines often follow vertical surges. Therefore, investors should keep their stop-losses ready to prevent their gains from evaporating quickly. Here are three altcoins that could mark the recent period and their detailed chart analyses.</p> 
<h2 class="p2" style="text-align: justify" id="ethereum-chart-analysis">Ethereum Chart Analysis</h2> 
<p class="p2" style="text-align: justify"><strong><a href="https://en.coin-turk.com/ethereums-revival-begins-amidst-rising-competition/" data-wpel-link="internal">Ethereum</a></strong> saw profit booking around $3,600 on February 29, but the bears could not initiate a pullback, indicating that every small dip is being bought. Bulls are once again attempting to overcome the tough barrier at $3,600. If successful, the ETH/<a href="https://en.coin-turk.com/bitcoins-strong-performance-continues-despite-recent-dip/" data-wpel-link="internal">USDT</a> pair could initiate the next leg of the uptrend and rise to $4,000, followed by $4,150.</p> 
<p class="p2" style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-322934 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/ethereum-grafik.webp" alt="" width="1312" height="805"></p> 
<p class="p2" style="text-align: justify">Rising moving averages indicate that bulls are in control, but the RSI level has been in the overbought zone for a few days, which could increase the likelihood of a short-term pullback. Immediate support on the downside is at $3,300, followed by the 20-day EMA average at $3,129.</p> 
<h2 class="p2" style="text-align: justify" id="bnb-chart-analysis">BNB Chart Analysis</h2> 
<p class="p2" style="text-align: justify"><a href="https://en.coin-turk.com/binance-coin-bnb-defies-market-downtrend-with-6-surge/" data-wpel-link="internal">BNB</a> has been on an uptrend for the past few days. Bears tried to halt the rise at $427, but bulls bought the dip on February 29, indicating a positive trend. Rising moving averages and the RSI level in the overbought zone suggest that the path of least resistance is upwards. If buyers push the price above $427, the BNB/USDT pair could reach $460. However, bulls may find it challenging to break this resistance easily.</p> 
<p class="p2" style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-322933 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/bnb-grafik.webp" alt="" width="1312" height="805"></p> 
<p class="p2" style="text-align: justify">The critical support to watch on the downside is the 20-day EMA average at $383. A break below this support could indicate that short-term investors are heading for an exit. This could initiate a corrective phase towards the 50-day SMA average at $338.</p> 
<h2 class="p2" style="text-align: justify" id="xrp-chart-analysis">XRP Chart Analysis</h2> 
<p class="p2" style="text-align: justify"><strong>XRP</strong> experienced a sharp decline on March 3, but the long wick on the candlestick indicates strong buying at lower levels. The rising 20-day EMA average at $0.58 and the RSI in the overbought zone show that bulls are in control. There is minor resistance at $0.67, but it seems likely to be breached. The rally could then reach the strong resistance at $0.74.</p> 
<p class="p2" style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-322932 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/xrp-grafik.webp" alt="" width="1312" height="805"></p> 
<p class="p2" style="text-align: justify">Instead, a sharp decline from $0.67 would indicate that bears are fiercely defending this level. This could pull the price back to the 20-day EMA average and could keep the XRP/USDT pair within the $0.46 to $0.67 range for some time.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/insights-into-the-cryptocurrency-market-three-altcoins-to-watch/" data-wpel-link="internal">Insights into the Cryptocurrency Market: Three Altcoins to Watch</a></h5>

Insights into the Cryptocurrency Market: Three Altcoins to Watch

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