30th March 2024 Crypto Analysis: ETH/USD Update and Insights

ETHUSD Analysis

On the 1 Hour timeframe, Price action has respected the recent bearish order flow, respecting all the bearish order block it has created recently.

In light of BTC pulling back, ETH is also doing the same thing. So there are 2 key scenarios I am looking to playout.

1) Should price continue with this bearish momentum. I am expecting a break of the key level $3459.52 with a strong body candle closure below.

2) However, if the BTC market starts to rally, ETH will most likely start to do the same. Key level I'm looking to break should we go long is the 3558.27 with a body candle close above, followed by a retest to continue to look for BUYS.

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