$ETH

As of March 20, 2025, Ethereum (ETH) is trading at approximately $2,019.89 against Tether (USDT) on Binance. This reflects a modest increase of 0.04051% from the previous close. The day's trading range has seen a high of $2,067.34 and a low of $1,931.89.

Recent technical analyses indicate that Ethereum has been navigating a bearish trend. On March 18, 2025, ETH was priced around $1,927 USDT, trading below key moving averages:

7-day MA: $1,908 USDT

25-day MA: $2,179 USDT

99-day MA: $2,965 USDT

This positioning suggests a prevailing bearish sentiment. The Relative Strength Index (RSI) was at a neutral level, indicating neither overbought nor oversold conditions. The Moving Average Convergence Divergence (MACD) showed a bullish crossover trend, signaling a potential reversal to an uptrend.

Forecasts for March 20, 2025, suggest a potential bullish correction. Analysts anticipate a test of the resistance level near the $2,135 area, followed by a possible downward rebound targeting levels below $1,475. This outlook is supported by the asset's movement within a descending channel and its interaction with moving averages that indicate a short-term bearish trend.

In summary, while Ethereum has experienced a slight uptick today, its recent performance has been characterized by bearish trends and technical indicators that suggest caution. Traders are advised to monitor key support and resistance levels closely and consider broader market conditions before making trading decisions.#ETH $ETH