Why is Ethereum (ETH) price up today?

The ETHER (ETH) price increased by almost 8 % over the past 24 hours, reaching an increase of $ 2064 on March 19. The daily trading volume in Altcoin rose to $ 17.4 billion, as ETH regained a higher location than $ 2000.

Eth displays the interruption of ascending triangle

The ether price increased today after Altcoin managed to break the successful triangular style. After declining to less than $ 2000 on March 10, the ether is less than its lowest levels, followed by multiple re -tests when immediate resistance of $ 1950, which was the neckline of the pattern.

The bullish difference in the strength index and the RSI index (RSI) precedes the local bottom at $ 1752. These technical settings indicate that the momentum ascending is responsible against the declining direction.

With the outbreak of a certain export of the style of the triangle, the technical goals remain $ 2,142, which is approximately 5 % of the current ETH price. However, the 100 -day SIA moving average (blue line) provides resistance at 2050 dollars, which needs to turn off prices to target $ 2,142.

Rekt Capital, anonymous encryption analyst, High This ETH recently tested the multi -year demand area at the level of $ 2000. The trader said, regarding the upcoming reversal,

“If the price can generate a strong enough reaction, the ETH will be able to restore the macro range from $ 2196 to $ 3900 (black).”

Related: ETHEREUM Dex Price Price Price Horizons

Ethereum flows into the title of accumulation and hit new levels

Regardless of the recent price corrections, ETH accumulation addresses It was stored at a large rate. On March 12, the ether flows in ETH headlines achieved a standard day number at 345,210 ETH.

ETHEREUM accumulation addresses are a specific classification of the wallet addresses used to track the long -term reservation behavior in the ETHEREUM network. These titles do not usually contain released transactions, which means that ETH is not used for spending or transferred.

In 2024, these titles collected more than 5.8 million ETH within a period of 12 months. In 2025, the accumulation rate increased significantly, with the same addresses that get 4.73 million ETH in less than three months.

Onchain data shows that adult holders may benefit from the low ETH price by adding Altcoin with a discount currently decreased by 58.4 % of its highest level ever.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.