The market has seen mixed results over the last 24 hours. The leader, Bitcoin, gained 1.82 percent, while Ethereum followed with a 0.76 percent increase. Meanwhile, Terra (LUNA) is the top performer, with over 5 percent gain.

Ethereum price analysis is bullish today as the current rejection for further downside likely indicates an upcoming retracement. Likely ETH/USD has finally peaked and is now ready to regain some of the over 25 percent loss.

It seems like the value of ETH has fallen a bit, should we continue to buy more while the price is low？

The crypto market has seen bullish momentum continue over the last 24 hours. The leader, Bitcoin, gained 2.65 percent, while Ethereum 1.64 percent. Meanwhile, the rest of the market has seen similar price action.

Ethereum price analysis is bullish today as support was found above $2,900 after another spike lower yesterday. Therefore, ETH/USD should reverse and regain some of the loss over the next 24 hours.

When war comes, what will you choose to store your assets, cash or gold or crypto coins

Investors may want to watch out for other blockchain networks that may threaten Ethereum’s market leadership. But there are several tailwinds that should drive ETH prices to record highs in the upcoming months.

Ethereum price looks for an upside

The trade is invalidated if Ethereum price closes below $2,400. Any near-term bullish outlook would be invalidated in that scenario as ETH would likely begin another leg lower. The projected low that ETH could hit is the $1,825 value area.

So far the Ethereum network has burned 1.97M ETH worth $5.4 billion after a move implemented to reduce the high fees on the network. The burning mechanism that was introduced on August 5, last year now puts 2000 coins out of circulation daily.

There was also a break above a key bearish trend line with resistance near $2,580 on the hourly chart of ETH/USD. However, the bulls failed to remain in action above $2,720. The price formed a high near $2,733 and started a sharp decline.

More and more crypto coins are appearing on the market, not many reach the moon

The six consecutive green candles from the $2500 local support drove the Ether price to the $3000 mark. On March 17th, the bullish rally breached the resistance trendline of the continuation pattern, signaling a further recovery in price.

Many new crypto coins have emerged after Bitcoin, who is the next project to reach the moon

With new coins being released every so often, there is now enough variety on the market

The decline in value of bitcoin and ethereum makes me believe more in stable coins