Ethereum, AVAX, and XRP Prices Reveal Uncertain Trends

In the altcoin market, Ethereum (ETH) $1,984 , Avalanche ( AVAX ), and XRP are experiencing price direction uncertainty. Traders are closely monitoring price movements as significant support and resistance levels are being tested. A crucial focus remains on whether ETH will maintain its position above the $1,800 support, as similar price compressions are seen with AVAX and XRP. Experts suggest that current volatility could provide directional clarity in the coming days.

Ethereum Price Analysis and Commentary

Ethereum has maintained its position above the $1,800 mark since March 10. Although it previously dipped to $1,761, it rebounded to around $2,100 but has since struggled to surpass this level, currently fluctuating within a narrow range. The $1,800 support is critical, while $2,100 stands as resistance. As of the report’s preparation, the price hovers around $1,977.

On the daily chart, ETH continues to trade below the 21-day moving average. The formation of doji candlesticks highlights market indecision, indicating cautious behavior from buyers and sellers. If the price falls below $1,800, the next target could be $1,550. However, if this support holds, it could lead to continued narrow-range movement for a while longer.

AVAX and XRP Price Analysis and Commentary

Avalanche initiated a recovery from $15 on February 3, continuing until March 10. However, the price faced resistance at the 21-day moving average. Over the past week, it has been moving sideways between the $15 support and the moving average. For AVAX to rise again, it must surpass both the 21 and 50-day moving averages.

Technical analysis reveals a downward trend in the 21 and 50-day moving averages. If buyers cannot push AVAX above these averages, selling pressure could persist. Resistance levels are at $60 and $70, while support levels stand at $30 and $20. The nearest target appears to be either the 21-day average or the $20 resistance level.

Ripple $0.004895 ‘s XRP gained upward momentum after breaking moving averages but encountered resistance at the 50-day average. Currently trading around $2.40, XRP peaked at $2.60 before entering a downward trend. If the 50-day moving average holds as support, a potential rally to $3 may occur.

However, if this support is lost, the altcoin’s price may drop to the 21-day moving average and then to the $2 support. If it falls below $2, a decline to $1.78 could follow. Current price movements of XRP indicate cautious behavior among traders.