Price ethereum up to 300 weeks MA for the second time, here is what happened in 2022
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Ethereum has again Below The $ 2000 sign, which is the psychological level that it recovered shortly earlier this week. The market correction over the past 24 hours has been weighed on the momentum I saw a retreat in feelings This can lead to a deeper decrease or sharp recovery in the middle of the period.
Short -term feelings are careful, but a new analysis from a well -followed encryption analyst drew attention to an important technical event that opens A cloudy perspective For ETHEREUM price.
Ethereum up to an average of 300 weeks again: What happened last time?
Moving to the x, Crypto Analyst Cryptobullet Indicate Ethereum has now touched the 300 -week moving average for the second time in its history. The first case was in June 2022, during the collapse at the market level, which witnessed the low price of ETHEREUM to $ 880 before starting slow recovery.
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The second occurrence came this month, March 2025, just as Ethereum continues to extend it Struggle to acquire Fif over $ 2000. While touching Ethereum moving average for 300 weeks again, we can only look back to see what happened last time to get a perspective of what can be expected now.
In June 2022, the ETHEREUM touch of the 300 -week moving average was the beginning of the long -term recovery stage. After the reversal of this level, the ETHEREUM price increased by more than 140 % over the next eight weeks, which eventually prompted more than 2100 dollars in August 2022 before another correction.
The mid -time recovery in focusing on ETH, but the next resistance
Cryptobullet noted the importance of this moving average, which puts it as a major historical support zone. The analyst has argued that regardless of the short -term firm feelings, this type of support at the macro level usually paves the stage of meaningful apostasy.
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“Even if you are a bear, you cannot deny that we have reached a very important support level,” it is books , Adding that its target price for the next apostasy ranges between 2900 dollars and 3200 dollars. However, the apostasy will Depending on how The Ethereum price interacts to the level, as the ongoing negative step will cancel any bullish momentum.
Currently, the ETHEREUM price is being held in light of the Haboodi feelings, and Bulls will need to restore the $ 2000 region before it starts to bounce sustainable towards a range of $ 2900 and $ 3,200. Moreover, the last 24 hours correction in the past 24 hours increases the risk of Ethereum price March closed below 3M Bollinger Bands, which is currently about $ 2000. The closure of Bollegerer 3M 3M domains can show the leading altcoin.
However, if the Cryptobullet analysis proves that it is accurate, ETHEREUM may soon enter a period of the strongest measures of the prices that are presented in the coming weeks. At the time of this report, ETHEREUM is traded at a price of $ 1907, a decrease of 5.82 % in the past 24 hours.
Distinctive image from Unsplash, Chart from TradingView.com
