Ethereum Falls from Recent High as It Revisits the $3,000 Low

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Ethereum (ETH) Current Statistics
The current price: $3,342.04
Market Capitalization: $401,978,202,486
Trading Volume: $18,634,124,109
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $1,700, $1,500, $1,000

Ethereum (ETH) Price Analysis April 2, 2024
Ethereum’s (ETH) price has fallen below the moving average lines as it revisits the $3,000 low. On March 31, 2024, buyers tried to keep the price above the 21-day SMA but were stopped by the $3,700 resistance level. If purchasers had been successful, the biggest altcoin would have recovered to its earlier high of $4,100.

However, the cryptocurrency’s price has gone below the moving average lines and may continue to plummet to the prior lows. On the downside, Ether will test its prior bottom above the $3,063 support. In the meantime, Ether is currently valued at $3,338.

Ethereum Falls from Recent High as It Revisit the $3,000 Low
ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether’s price bars have dropped below the moving average lines. This points to a likely drop in the cryptocurrency. Ether’s 4-hour chart shows a bearish crossover as the 21-day SMA crosses below the 50-day SMA. It indicates a fall in the coin.

Conclusion
Ethereum price fails to break above the 21-day SMA barrier line as it revisits the $3,000 low. The price indication anticipated a further decrease in Ethereum. Following the April 1 fall, the altcoin reversed upward, with the candle body testing the 61.8% Fibonacci retracement.

The correction predicts that Ether will fall to the 1.618 Fibonacci extension, or $3,272.50.In the meantime, the cryptocurrency signal remains bearish.

Ethereum Falls from Recent High as It Revisit the $3,000 Low
ETH/USD – 1 Hour Chart

You can purchase Lucky Block here. Buy LBLOCK


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *