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Ethereum price breaks through $3K, but analysts warn that a retest is needed

Published 03/23/2022, 08:00 PM
Updated 03/23/2022, 09:40 PM
©  Reuters
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ETH/USD
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The cryptocurrency market continues to forge ahead on March 23 despite facing headwinds on multiple fronts. At the moment, global conflict, rising inflation and widespread economic uncertainty are taking a toll on financial markets and helping to highlight the need for a diversified investmen portfolio.

Altcoins have managed to gain some ground in recent days, led by Ethereum, the top smart contract platform, which managed to climb back to the major support and resistance zone at $3,000 where bulls are now battling for control.

ETH/USDT 1-day chart. Source: TradingView
ETH/USD 2-hour chart. Source: Twitter (NYSE:TWTR)
ETH/USD 4-hour chart. Source: Twitter
ETH/USDT 1-day chart. Source: Twitter
ETH/USD 1-day chart. Source: Twitter
ETH/USDT 8-hour chart. Source: Twitter

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