Ethereum News: Price Prediction and Market Analysis for March 13
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Ethereum (ETH) Price Prediction for March 13
Currently, Ethereum (ETH) is trading at $1,895, a 1.47% decrease over the last 24 hours. Over the past 30 days, ETH has declined by 29.54%. The divergence between short-term and longer-term performance indicates temporary buying opportunities, but the underlying trend remains bearish. Short-term moving averages like the 10-day and 20-day are converging near current price levels, hinting at support around $1,890–$1,900. However, Ethereum remains below its 50-day and 200-day moving averages.
Ethereum Staking Surges Despite Price Struggles
On-chain data reveals a significant increase in the amount of ETH locked in staking contracts, with 33.98 million ETH currently staked, up 1% over the past month. This growth has occurred despite a 30% drop in ETH’s price since February 16, trading at $1,897 at press time. The divergence suggests long-term confidence in ETH’s future price potential among investors.
One Gravity NFT Sells Out in One Minute, Skyrockets 14x on Ethereum
The First-ever NFT collection of One Gravity (OG) has launched with a strong ‘Community First’ ethos, aiming to allow users to actively participate in the development of the 0G ecosystem. The collection has a limited supply of 1,888 NFTs and aims to transform the interaction of AI and blockchain in Web3. It is the first project designed for 0G, the world’s largest AI-driven Layer 1 ecosystem. The One Gravity NFT sold out in one minute and saw an explosive surge in its floor price, achieving a record-breaking sellout.
Ethereum Faces Heavy Sell-Off, Yet Investors Hold Strong
Ethereum [ETH] has been under heavy sell pressure for several months, with net taker volume indicating sustained negative momentum. Despite this, the total number of ETH holders continues to increase, suggesting strong accumulation among investors. This trend raises questions about whether long-term investors are seeing this as an opportunity to accumulate or if a price reversal is imminent.
