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Ethirium Course: Market News Analysis, March 2, 2019

According to CoinMarketCap, from February 24, after a sharp collapse of cryptographic markets, Ethereum capitalization has been kept at between $ 14.8 billion and $ 13.8 billion. At 16:00 Moscow time, on March 2 Ethereum market was estimated at $ 14.2 billion.

At the time of the market review, the weighted average price for an ETH coin is $ 135.00. At crypto sites, where ethereum is quoted against the US dollar, today trading in the largest altcoin is conducted against the background of a slight increase in pressure on the price from sellers.

Statistics CoinMarketCap. Ethereum. February 24 - March 2
Statistics CoinMarketCap. Ethereum. February 24 – March 2

Market experts, based on data from a technical analysis of a short-term cryptocurrency exchange rate, point out the increasing risks of lowering the ETH / USD quotes below the key support level of $ 129.50.

According to preliminary forecasts, at the beginning of the trading week on March 4-10, bears can update the local minimum at around $ 125.70 and test the price support at the mirror level of $ 123.60.


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