Ethereum crashed by 94% in 2018 — Will history repeat with ETH price bottoming at $375?

2022.06.14 21:51

Ethereum crashed by 94% in 2018 — Will history repeat with ETH price bottoming at $375?

Ethereum’s native token Ether (ETH) is showing signs of bottoming out as ETH price bounced off a key support zone. Notably, ETH price is now holding above the key support level of the 200-week simple moving average (SMA) near $1,196.

The 200-week SMA support seems purely psychological, partly due to its ability to serve as bottom levels in the previous Bitcoin bear markets.

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