3 reasons why Ethereum price can still retest $3K this month - BitcoinEthereumNews.com
ETH/USD daily price chart featuring symmetrical triangle. Source: TradingView ETH/USD last retested the triangles lower trendline as support on March 14 near $2,500, following a sharp correction after finding sellers near the 20-day exponential moving average (20-day EMA; the green wave in the chart above). S ince then, ETHs price has rebounded by as much as 9.26%, closing above the 20-day EMA resistance on March 16 to reach almost $2,750. A decisive rebound move, accompanied by a rise in trading volumes, could have Ether eye the triangles upper trendline as its next upside target near $3,000. मर्ज On March 15, Ethereum developer Tim Beiko की घोषणा that they have successfully tested the “Merge” on the Kiln testnet, raising speculations that the protocol would completely switch from proof-of-work (PoW) to proof-of-stake (PoS) in Q2/2022. RSI euphoria around the Merge has acted as one of the main bullish prospects behind Ethereums growth since the introduction of its first consensus layer upgrades in December 2020. आर्कन रिसर्च विख्यात in its latest weekly report that a total of 312,000 validators staked 10 million ETH on the Merge — also called Ethereum 2.0 — smart contacts. That amounts to nearly $26 billion worth of Ether, more than 8% of its total circulating supply,