ETHEREUM PRICE ANALYSIS & PREDICTION (March 20) – ETH Calms Due to Low Supply But More Dips Lie Ahead
From a peak of $4.1k to a low of $1.75k in three months, Ethereum lost over 60% of its price during this bearish phase and remained extremely weak on a daily, with no signs of a recovery at the time of writing. Looking back, Ethereum has posted huge losses in the past months as bullish sentiments completely fade away. However, it managed to stay above $1,750 during last week's drop and bounced slightly. This bounce saw the price briefly above $1.9k but it later lost buzz after failing to retest the important $2k level that broke down in the preceding week. While looking strong today, it is gathering momentum for another leg down. ETH supply level currently looks low, but once it increases, we can anticipate a move into the $1.6 range, which has been the crypto’s major target range […]