Ethereum Hits 300-Week Moving Average Again: What Happened The Last Time?<\/h2>\n
Taking to social media platform X, crypto analyst CryptoBullet pointed out<\/a> that Ethereum has now touched the 300-week moving average for only the second time in its history. The first instance was in June 2022, during the market-wide crash that saw the Ethereum price plummet to as low as $880 before beginning a long, slow recovery. <\/p>\n The second occurrence has come this month, March 2025, just as Ethereum continues to extend its struggles in gaining a footing above $2,000. With Ethereum touching the 300-week moving average again, we can only look back to see what happened last time to get a perspective of what to expect now.<\/p>\n In June 2022, Ethereum\u2019s touch of the 300-week moving average marked the beginning of a long-term recovery phase. After the bounce from that level, the Ethereum price surged more than 140% over the next eight weeks, eventually pushing above $2,100 in August 2022 before another correction.<\/p>\n CryptoBullet noted the significance of this moving average, framing it as a key historical support zone. The analyst argued that regardless of bearish sentiment in the short term, this kind of macro-level support typically sets the stage for a meaningful bounce.\u00a0<\/p>\n \u201cEven if you’re a bear, you can’t deny that we hit a very important support level,\u201d he depend on how the Ethereum price reacts to the level, as a continued downside move would cancel out any bullish momentum.<\/p>\n For now, Ethereum\u2019s price is trapped under bearish sentiment, and bulls will need to reclaim the $2,000 zone before any sustainable bounce toward the $2,900 and $3,200 range can begin to materialize. Furthermore, the recent price correction in the past 24 hours increases the risks of the Ethereum price closing March below<\/a> the 3M Bollinger bands, which is currently just around $2,000. A close below the 3M Bollinger bands could spell trouble for the leading altcoin.<\/p>\n However, if CryptoBullet\u2019s analysis proves to be accurate, Ethereum may soon enter a period of stronger price action that plays out over the coming weeks. At the time of writing, Ethereum is trading at $1,907, down by 5.82% in the past 24 hours.<\/p>\n Ethereum has once again fallen below the $2,000 mark, a psychological level it had briefly reclaimed earlier this week. The market-wide correction over the past 24 hours has weighed on Ethereum’s recovery momentum, and the leading altcoin has seen a dip in sentiment that could lead to a deeper decline or a sharp mid-term rebound.\u00a0…<\/p>\n","protected":false},"author":1,"featured_media":3745,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[2071,220,2072,138,359,360,102,232,233,104,105,1570],"class_list":["post-3744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-3m-bollinger-bands","tag-altcoin","tag-cryptobullet","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt","tag-moving-average"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=3744"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3745"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Ethereum\"](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/Ethereum-chart-from-CryptoBullet.png?w=512&resize=512%2C275\")
<\/p>\nMid-Term Rebound In Focus For ETH, But Resistance Ahead<\/h2>\n
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