Weekly Technical Analysis of Ethereum Price March 2

Ethereum fell below the average moving average (EMA) February 27, but it managed to keep itself close. This indicates that demand and purchases are increasing at lower levels. However, the digital currency should try to raise itself to over $ 145, otherwise there would be a risk of collapse and a breakdown of $ 136 support.

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Ethereum fell below the average moving average (EMA) February 27, but it managed to keep itself close. This indicates that demand and purchases are increasing at lower levels. However, the digital currency should try to raise itself to over $ 145, otherwise there would be a risk of collapse and a breakdown of $ 136 support.

A break in support of $ 136 could lead to a fall in prices of $ 126 and even lower to $ 116. The $ 116 support is very powerful, but breaking it would probably be down to $ 102. Traders can consider Stop-Loss at $ 125.

In the bullish view, if the price rises above the $ 145 level, the growth is likely to continue at $ 167.