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March 18 Ethereum Update – Support at $3.4k

Written By: ChartChamp

March 18, 2024

$ETH failed to flip the $3,944.66 resistance level into support, and has been in a downtrend over the weekend. There was a bullish rebound at the $3,428.74 support level, and ETH bulls have been pushing the price up around $3.4k. There is also an important light blue trendline that ETH has been trading around. For now this light blue trendline is providing short-term resistance for ETH on the way up here. ETH is currently trending down after a rejection from this light blue trendline.

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