Ether (ETH) broke above the 20-day EMA ($3,521) on March 25, showing that the bulls have asserted their supremacy. If the buyers sustain the price above the 20-day EMA, that suggests the adjustment period may be over. The ETH/USDT pair could rise to $3,679 and then rise to the resistance at $4,094.
This positive view will be invalidated in the near term if the price turns down from $3,679 and falls below the 50-day SMA. That could indicate the start of a deeper correction to $3,056 and then $2,868.
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