The cryptocurrency market found stability on March 23 after a recent downturn, with the total market value rising by 0.64% to $2.45 trillion, entering a phase of high volatility. What can we anticipate for Bitcoin and Ethereum during this period? Let's delve into the significant data and key levels.

Bitcoin Price Overview

Bitcoin's price has remained relatively stable in the last 24 hours, showing consistent volatility. The Commodity Channel Index (CCI) chart suggests uncertainty between bears and bulls, with a negative CCI indicating a prevailing bearish sentiment. Despite this, the Moving Average Convergence Divergence (MACD) data on the four-hour chart leans towards positivity, overshadowing the CCI signal.

The long and short Exponential Moving Average (EMA) data on the MACD are below the zero midpoint, indicating cautious investor behavior with limited activity from buyers and sellers. This could lead Bitcoin into a period of consolidation lasting about a week, with potential price movements between $63,649 and $64,982. However, increased trading volume might alter this projection, potentially pushing Bitcoin towards $68,695 in a bullish scenario or down to $61,650 under intense selling pressure.

Ethereum Price Overview

On the four-hour chart, the ETH/USD pair shows a predominantly neutral stance at $3,323. The Relative Strength Index (RSI) hovers slightly below the midpoint at 42.10, suggesting mild bearish pressure that could impact Ethereum's price negatively.

A potential drop in Ethereum's price could present an opportunity for investors seeking to purchase the altcoin at a discounted rate, as indicated by a buy signal from Supertrend at $3,201. If Ethereum's price reaches this level and buying interest increases, a recovery towards $3,833 is plausible. Conversely, a lack of buying support in the market could lead to further price declines for Ethereum.