Ethereum

Convergence

Bitcoin

Divergence

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/stabilizing-crypto-market-bitcoin-and-ethereum-price-analysis/" data-wpel-link="internal">Stabilizing Crypto Market: Bitcoin and Ethereum Price Analysis</a><br></p>
<p class="p1" style="text-align: justify"><strong>The crypto market</strong> managed to achieve some stability on March 23 as prices recovered from a previous decline. According to CoinMarketCap data, the total market value increased by 0.64%, reaching $2.45 trillion, entering a highly volatile market phase. So, what can be expected for <a href="https://coin-turk.com/bitcoin-videolari-tiktokta-viral-oluyor" data-wpel-link="internal">Bitcoin</a> and <a href="https://coin-turk.com/unlu-sirketin-coosu-ayi-piyasasi-ve-madencilik-hakkinda-konustu" data-wpel-link="internal">Ethereum</a> during this period? Let’s examine the notable data and key levels.</p> 
<h2 class="p1" style="text-align: justify" id="bitcoin-chart-analysis">Bitcoin Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong><a href="https://en.coin-turk.com/countdown-for-the-bull-run-new-btc-price-model-predicts-a-mid-cycle-slump/" data-wpel-link="internal">Bitcoin</a>‘s</strong> price has continued to trade within a narrow range over the past 24 hours, maintaining its volatility level. However, the chart drawn by the Commodity Channel Index (CCI) indicates a period of indecision among both bears and bulls. The negative reading of the CCI data points to an underlying bearish dominance. On the four-hour chart, the reading of the Moving Average Convergence Divergence (MACD) data is positive, thus overshadowing the CCI signal in this area.</p> 
<p class="p1" style="text-align: justify">However, the long (orange) and short (blue) EMA data displayed on the <strong>MACD</strong> are below the zero midpoint. This highlights the cautious investor behavior with buyers and sellers staying on the sidelines. From a broader perspective, this could direct Bitcoin into a week-long consolidation phase, with its price potentially trading between $63,649 and $64,982.</p> 
<p class="p1" style="text-align: justify">Yet, increasing trading activities could alter this forecast. With an optimistic outlook, Bitcoin could rise towards $68,695, while intense selling pressure could bring its value down to $61,650.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-332549 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-10.png" alt="" width="1054" height="691"></p> 
<h2 class="p1" style="text-align: justify" id="ethereum-chart-analysis">Ethereum Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong>The <a href="https://en.coin-turk.com/will-ethereum-price-continue-to-fall-expert-analysis-and-future-predictions/" data-wpel-link="internal">ETH</a>/USD</strong> pair on the four-hour chart reflects a dominant neutral position, trading at $3,323. At the time of writing, the Relative Strength Index (RSI) is slightly below the middle line, around 42.10. This significant data indicates a slight bearish pressure that could pull down the <a href="https://en.coin-turk.com/crypto-analyst-inmortal-predicts-a-bullish-future-for-ethereum/" data-wpel-link="internal">Ethereum</a> price.</p> 
<p class="p1" style="text-align: justify">However, a price drop for Ethereum could be great for investors looking to buy the <a href="https://coin-turk.com/ethereum-fiyati-100-gunluk-hareketli-ortalamanin-altina-dustu-sirada-ne-var" data-wpel-link="internal">altcoin</a> at a discount, as the Supertrend is giving a buy signal at $3,201. If the Ethereum price drops to this point and buying pressure emerges, a recovery towards $3,833 could occur. On the other hand, a lack of buy orders in the order book could lead to surrender, and Ethereum’s price could fall further.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-332548 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/eth-grafik-1.png" alt="" width="1054" height="691"></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/stabilizing-crypto-market-bitcoin-and-ethereum-price-analysis/" data-wpel-link="internal">Stabilizing Crypto Market: Bitcoin and Ethereum Price Analysis</a></h5>

Stabilizing Crypto Market: Bitcoin and Ethereum Price Analysis

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