Ethereum is the second largest cryptocurrency by capitalization, which attracts the attention of investors around the world.. The beginning of spring can be an important period for the project
We'll tell you what Ethereum forecast for March is given by experienced market experts and what ETH levels you should pay attention to.
Typical March for Ethereum
Tracking history shows March is one of the best months for Ethereum. Over the past 7 years of observation, ETH has met spring with a fall only twice – in 2018 and 2020.
How the Ethereum rate changed by month. Source: bitcoinmonthlyreturn
For Bitcoin, the most capitalized cryptocurrency, whose movements set the trend for the entire market, March is not the best month. At the same time, the peculiarities of the position of BTC in 2024, according to experts interviewed by the editors of BeInCrypto, allow us to give a positive forecast for the beginning of spring.
Ethereum Forecast for March
Bitget analyst Ryan Lee noted that the Cancun update and expectations for the imminent launch of spot Ethereum ETFs in the US could support ETH's positive movement in March.
“In a bullish scenario, ETH could reach $4,300, with the actual range depending on market liquidity and expected to fluctuate between $2,500 and $3,500 most of the time,” Ethereum forecast for March 2024 was given by our interlocutor , adding that ETH could update its all-time high this year.
Ethereum chart. Source: TradingView
Maxim Kalmykov, CEO of Bitsgap, also gave his Ethereum forecast for March 2024. He sees the prerequisites for further growth of the coin. The approval of spot Ethereum-ETFs, according to our interlocutor, could push the cryptocurrency to $4 thousand.
OKX Commercial Director Lennix Lai and CommEX Regional Director for Russia and the CIS Anton Toroptsev supported the positive forecast for Ethereum for March 2024. In their opinion, the growth drivers for ETH will be Dencun, the upcoming Bitcoin halving and interest in spot ETFs for Ethereum. Anton Toroptsev believes that investors could see Ethereum at $3,600 before mid-March.
The growth of ETH in March 2024 is also predicted by Dmitry Noskov, an expert at the StormGain crypto exchange.. In his opinion, at the beginning of spring Ether could trade around $3,500.
The positive forecast for Ethereum for March 2024 was also supported by UMINERS CEO Artem Zeynetdinov. At the same time, our interlocutor sees the prospect of “a decrease in euphoria and reaching a flatter price trajectory with a target of $3,300-3,350 by the end of the month.”
Let us recall that earlier the editors of BeInCrypto collected the Ethereum forecast for 2024 in one review.
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