Ethereum (ETHUSD) Price Forecast: March 31
Notwithstanding the market conditions, there is a possibility that the Ethereum (ETHUSD) price will surpass the $2500.00 supply level. This will be attained, if the bulls’ buying pressure can be redoubled, and the bullish correction pattern may increase the coin price to retest the $1861.67 previous high which might hit the $2500.00 upper supply trend line and beyond.
Key Levels:
Resistance Levels: $1700.00 $1800.00, $1900.00
Support Levels: $1200.00, $1100.00, $1000.00
ETH (USD) Long-term Trend: Bullish (Daily Chart)
ETHUSD remains bullish on the higher time frames. This is clear as we can see the prices trading at the upper resistance area indicating a strong bullish trend. However, the recent market has favored the bulls.
The high order flow from the bulls at the $1795.54 high value during yesterday’s session also added to the bullishness in its recent high.
Today, the bulls recorded an increase in buying action from the $1773.82 level to the $1817.81 supply level above the moving average lines on the daily chart as the bulls took to their stand in the market. This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.
Further, there is likely to be a further breakout attempt soon as the price of Ethereum is in an upward direction on the daily stochastic. If the bulls could change their orientation and push harder, the next bullish race may hit the $2500.00 upper resistance trend line in the coming days in its higher time frame.
ETH (USD) Medium-term Trend: Bullish (4H Chart)
Ethereum price is in a bullish posture and also trades in an uptrend even though the short traders are involved in its medium-term outlook. The price bar can be seen trading above the two EMAs which confirms its uptrend. 
The sustained bullish pressure on the crypto at the $1795.54 supply value during the previous action has pushed the coin price above the trend level in its recent high.
The long traders made a corrective move to the $1817.81 upper supply value as the 4-hourly chart resumes today. Thus, if the bulls should boost their market stress, the price tendency will rise far above the key levels.
In addition, the coin is in an upward direction on the daily stochastic, more buyers’ participation is a prerequisite at the moment. We expect the price to reach the $2500.00 upper resistance value amid sustained buying pressure in the coming days in its medium time frame.
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