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FXBANkthe8055
Mar 31, 2024 1:51 PM

ETHUSD now at psy. lvl & 30/03 analysis dropped 100 pts!  Long

Ethereum / U.S. dollarBitstamp

Description

The price of Ethereum’s Ether
ETHUSD
is up today, rising 3.5% to reach over $3,630 on March 31. ETH price is now up 18.75% from its local low of around $3,050, established over a week ago.

Capital rotation into Ether market

Ether's ongoing rise versus the U.S. dollar coincides with its equally strong gains against Bitcoin
BTCUSD
.

Notably, the widely-tracked ETH/BTC pair has gained roughly 2.5% on March 31 to reach 0.051 BTC suggesting a possible rotation of capital in the short term.
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