Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Ethereum Drops Below The 100-Day Moving Average

Altszn.com by Altszn.com
April 1, 2024
in Ethereum
0
Ethereum Drops Below The 100-Day Moving Average
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


The crypto market is experiencing a pullback after Bitcoin, the leading cryptocurrency, reached a new all-time high. However, Ethereum (ETH) is not left out in this downward move.

After setting a new yearly high of $4,094, the price of Ethereum has been moving downward and this has led to the price trading below the 100-day Moving Average (MA) both in the 1-hour and 4-hour timeframes, but this is not so in the daily timeframe. 

Will the price continue downward or will it change direction and start moving upward? At the time of writing, Ethereum’s price was trading around $3,360 and was up by 0.64% in the last 24 hours.

Ethereum Indicators And What They Suggest

Looking at the chart, technically we can see that a support level of $3,067 and a resistance level of $3,681 and $3,591 have been formed respectively. Nonetheless, there could be more support and resistance created if the price continues to move downward.

4-Hour Moving Average: A technical observation of the chart from the 4-hour timeframe as seen in the image below reveals that the price is trending below the 100-day moving average. This suggests that the price is on a downtrend and could potentially move further downward.

Ethereum

 4-Hour RSI indicator: With the help of the Relative Strength Index indicator (RSI) we can see the RSI signal line is trending below the 50 line. This is a strong indication that the price of Ethereum is in a downward trend as observed in the image above.

MACD Indicator: Taking a close look at the MACD indicator in the 4-hour timeframe, it appears that the MACD histogram has dropped below the zero line. In addition, both the MACD line and the signal line have crossed below the zero line. 

This setup indicates that the price is still bearish and there are possibilities that it could still move downward. The image below provides more details:

Ethereum

Possible Outcome

If the price of Ethereum continues downward and breaks below the support level of $3,067, it could move further downward to create a new support level. However, if the price fails to break below this support level, we could see a price reversal and may start a fresh trend upward. Thus there could be a possibility that the price could break above the resistance levels of $3,681 and $3,591 respectively, and continue its bullish run.

Featured image from iStock, chart from Tradingview.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



Read More: www.newsbtc.com

Tags: 100dayAveragedropsETHEthereumMoving
ADVERTISEMENT

Recent

Top L2 Arbitrum’s Scaling Roadmap Seeks to Avoid ‘Trade-offs’

Top L2 Arbitrum’s Scaling Roadmap Seeks to Avoid ‘Trade-offs’

May 16, 2025
Pixelmon Announces Strategic Partnership with Ava Labs to Launch Two Mobile Games Including ‘Warden’s Ascent’ on Avalanche with Dedicated Layer-1

Pixelmon Announces Strategic Partnership with Ava Labs to Launch Two Mobile Games Including ‘Warden’s Ascent’ on Avalanche with Dedicated Layer-1

May 16, 2025
Gamers Hate Crypto, but a New High-Profile Partnership Marks a Shift

Gamers Hate Crypto, but a New High-Profile Partnership Marks a Shift

May 16, 2025

Categories

  • Bitcoin (4,812)
  • Blockchain (11,331)
  • Crypto (9,270)
  • Dark Web (540)
  • DeFi (8,355)
  • Ethereum (4,866)
  • Metaverse (7,449)
  • Monero (287)
  • NFT (1,436)
  • Solana (5,028)
  • Web3 (20,606)
  • Zcash (501)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Top L2 Arbitrum’s Scaling Roadmap Seeks to Avoid ‘Trade-offs’

    Top L2 Arbitrum’s Scaling Roadmap Seeks to Avoid ‘Trade-offs’

    May 16, 2025
    Pixelmon Announces Strategic Partnership with Ava Labs to Launch Two Mobile Games Including ‘Warden’s Ascent’ on Avalanche with Dedicated Layer-1

    Pixelmon Announces Strategic Partnership with Ava Labs to Launch Two Mobile Games Including ‘Warden’s Ascent’ on Avalanche with Dedicated Layer-1

    May 16, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 103,212.00
    • ethereumEthereum (ETH) $ 2,483.42
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.35
    • bnbBNB (BNB) $ 640.20
    • solanaSolana (SOL) $ 166.02
    • usd-coinUSDC (USDC) $ 0.999901
    • dogecoinDogecoin (DOGE) $ 0.216783
    • cardanoCardano (ADA) $ 0.743469
    • tronTRON (TRX) $ 0.268595
    • staked-etherLido Staked Ether (STETH) $ 2,476.72
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,060.00
    • suiSui (SUI) $ 3.71
    • wrapped-stethWrapped stETH (WSTETH) $ 2,979.90
    • chainlinkChainlink (LINK) $ 15.35
    • avalanche-2Avalanche (AVAX) $ 22.54
    • hyperliquidHyperliquid (HYPE) $ 27.11
    • stellarStellar (XLM) $ 0.288132
    • shiba-inuShiba Inu (SHIB) $ 0.000014
    • leo-tokenLEO Token (LEO) $ 8.95
    • hedera-hashgraphHedera (HBAR) $ 0.192006
    • bitcoin-cashBitcoin Cash (BCH) $ 393.59
    • the-open-networkToncoin (TON) $ 3.03
    • litecoinLitecoin (LTC) $ 98.30
    • polkadotPolkadot (DOT) $ 4.63
    • usdsUSDS (USDS) $ 0.999926
    • wethWETH (WETH) $ 2,472.35
    • moneroMonero (XMR) $ 338.76
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • wrapped-eethWrapped eETH (WEETH) $ 2,638.54
    • bitget-tokenBitget Token (BGB) $ 4.94
    • pepePepe (PEPE) $ 0.000012
    • pi-networkPi Network (PI) $ 0.708561
    • ethena-usdeEthena USDe (USDE) $ 0.999835
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,207.00
    • whitebitWhiteBIT Coin (WBT) $ 30.11
    • bittensorBittensor (TAO) $ 417.43
    • daiDai (DAI) $ 0.999921
    • uniswapUniswap (UNI) $ 5.88
    • aaveAave (AAVE) $ 224.57
    • nearNEAR Protocol (NEAR) $ 2.73
    • aptosAptos (APT) $ 5.12
    • okbOKB (OKB) $ 53.06
    • kaspaKaspa (KAS) $ 0.115221
    • jito-staked-solJito Staked SOL (JITOSOL) $ 199.39
    • ondo-financeOndo (ONDO) $ 0.916768
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • tokenize-xchangeTokenize Xchange (TKX) $ 35.16
    • crypto-com-chainCronos (CRO) $ 0.098092
    • ethereum-classicEthereum Classic (ETC) $ 18.28
    • bitcoinBitcoin (BTC) $ 103,212.00
    • ethereumEthereum (ETH) $ 2,483.42
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.35
    • bnbBNB (BNB) $ 640.20
    • solanaSolana (SOL) $ 166.02
    • usd-coinUSDC (USDC) $ 0.999901
    • dogecoinDogecoin (DOGE) $ 0.216783
    • cardanoCardano (ADA) $ 0.743469
    • tronTRON (TRX) $ 0.268595
    • staked-etherLido Staked Ether (STETH) $ 2,476.72
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,060.00
    • suiSui (SUI) $ 3.71
    • wrapped-stethWrapped stETH (WSTETH) $ 2,979.90
    • chainlinkChainlink (LINK) $ 15.35
    • avalanche-2Avalanche (AVAX) $ 22.54
    • hyperliquidHyperliquid (HYPE) $ 27.11
    • stellarStellar (XLM) $ 0.288132
    • shiba-inuShiba Inu (SHIB) $ 0.000014
    • leo-tokenLEO Token (LEO) $ 8.95
    • hedera-hashgraphHedera (HBAR) $ 0.192006
    • bitcoin-cashBitcoin Cash (BCH) $ 393.59
    • the-open-networkToncoin (TON) $ 3.03
    • litecoinLitecoin (LTC) $ 98.30
    • polkadotPolkadot (DOT) $ 4.63
    • usdsUSDS (USDS) $ 0.999926
    • wethWETH (WETH) $ 2,472.35
    • moneroMonero (XMR) $ 338.76
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • wrapped-eethWrapped eETH (WEETH) $ 2,638.54
    • bitget-tokenBitget Token (BGB) $ 4.94
    • pepePepe (PEPE) $ 0.000012
    • pi-networkPi Network (PI) $ 0.708561
    • ethena-usdeEthena USDe (USDE) $ 0.999835
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,207.00
    • whitebitWhiteBIT Coin (WBT) $ 30.11
    • bittensorBittensor (TAO) $ 417.43
    • daiDai (DAI) $ 0.999921
    • uniswapUniswap (UNI) $ 5.88
    • aaveAave (AAVE) $ 224.57
    • nearNEAR Protocol (NEAR) $ 2.73
    • aptosAptos (APT) $ 5.12
    • okbOKB (OKB) $ 53.06
    • kaspaKaspa (KAS) $ 0.115221
    • jito-staked-solJito Staked SOL (JITOSOL) $ 199.39
    • ondo-financeOndo (ONDO) $ 0.916768
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • tokenize-xchangeTokenize Xchange (TKX) $ 35.16
    • crypto-com-chainCronos (CRO) $ 0.098092
    • ethereum-classicEthereum Classic (ETC) $ 18.28