Ethereum (ETH) made an impressive performance on Monday, as the second-largest crypto by market cap climbed back above $2,300 for the first time since February 6. However, this surge hit resistance around $2,352 on Tuesday, March 17, forcing Ether to retrace slightly.
Avalanche (AVAX) also experienced renewed momentum following the general crypto market recovery on March 16. Similar to Ethereum, AVAX also hit resistance around $10.49, with the retrace now risking wiping out recent gains.
While investors now compare ETH vs AVAX to identify which will give bigger gains, degens are targeting playnance ahead of the G Coin TGE set to happen on March 18. G Coin is designed to power the web3 gaming and entertainment infrastructure for the playnance ecosystem.
ETH vs AVAX: Technical Analysis
The 4-hour chart on TradingView shows that Ethereum traded at $2,320 on Tuesday, March 17. At the current level, ETH is up by 2.0% from the Monday session levels. However, Ether is retracing following the recent rejection around $2,352.
If ETH continues to drop from the current level, immediate support lies around $2,177, which previously acted as a resistance point. Further drop could push Ethereum down to the $2,094 support.
However, bulls seem very ready to defend the rally, according to the technical indicators. While the RSI has crossed overbought levels to reach 74, it indicates strong buying activity. Additionally, the MACD is still bullish, with the MACD line already way above the signal line.
Meanwhile, Avalanche is similarly treading the waters to ETH. The 4-hour chart on TradingView shows that AVAX traded at $10.26 at the time of writing, following a retrace from the rejection at $10.49.
This crypto now has immediate support at $10.09, after which the next support lies around $9.55. In case AVAX crashes, these levels could restrain a deeper crash.
The Avalanche technical indicators also show that bullish momentum persists. This crypto’s RSI at 60 shows strong bullish momentum, while the MACD is also depicting the same. However, momentum is slowly fading away as indicated by the fading histogram bars.
For both ETH and AVAX, how the prices react around key levels will determine the general direction. Investors must watch price drivers to determine the next course of action.
G Coin’s March 18 TGE Draws Significant Attention
Playnance’s G Coin is gearing up to go live on March 18, and the build-up is hard to ignore. But G Coin isn’t one of those launches where everything hinges on upcoming development plans. The playnance network is already active, with steady usage coming in across games, sports markets, and on-chain financial products.
The playnance activity is also measurable, with the network already usable before G Coin even hits the open market. But why does that matter?
Most projects spend months trying to reach this stage after listing. In the case of playnance, the user base is already in place, and the network is handling roughly 2 million on-chain transactions a day.
More than 200,000 holders have picked up G Coin ahead of the TGE, and that base wasn’t built through short-term incentives or airdrops. It has come from actual usage across a network that is already distributing rewards, handling volume, and bringing in revenue.
There’s also a shift in the wider market. The Ethereum and Avalanche rallies show that risk appetite is back, and attention is moving toward altcoins that show real traction rather than just momentum. G Coin lands right in that category. It ties into web3 gaming, prediction markets, and interactive finance. These are sectors that are already moving huge amounts of money globally.
Close to 14 billion tokens have already been taken up, according to data from the official page. Early participants need to move fast to purchase G Coin before the TGE in less than 24 hours.
The G Coin price is not fixed, but rather moves up, so each round comes in higher than the last. Anyone getting in later ends up paying more than those who moved earlier, which is why some buyers aren’t waiting around.
Right now, the project is sitting at roughly a $40 million market cap, with more than 200,000 holders. That’s a large base going into launch and shows there’s already solid demand behind it.
More information:
More information about AVAX can be found here: https://www.avax.network/
More information about the playnance G Coin TGE event can be accessed through: https://playw3.com/gcoin
