Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum Falls Below 4-Hour SMA: Impact Analysis
ETHEREUM NEWS

Ethereum Falls Below 4-Hour SMA: Impact Analysis

By Crypto FlexsJune 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Falls Below 4-Hour SMA: Impact Analysis
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum (ETH), the second largest cryptocurrency by market capitalization, recently saw its price fall below its 4-hour simple moving average (SMA). The 4-hour SMA is often used to measure short-term market momentum, so this technical development is noteworthy for traders and investors.

If the price of a cryptocurrency falls below this moving average, it could be a sign that market sentiment is likely to change from bullish to bullish. bearish. This could mean selling pressure increases and the downtrend may continue. The implications of these price movements extend beyond technical analysis, as broader market conditions, investor behavior, and fundamentals will play a significant role in shaping Ethereum’s future trajectory.

In this article, we will look at the potential price action of ETH with the help of technical indicators.

Ethereum price conditions on 4-hour chart

First, we can see that the 4-hour ETH price has been trading sideways for a while and then fell below the 100-day SMA. It is important to note that when an asset falls below its SMA, in most cases this can mean: Short-term or long-term movement in that direction.

Additionally, the Relative Strength Index (RSI) indicator confirms that Ethereum may move in a downward direction for some time, as the RSI line may cross below 50% and show a bearish trend for some time.

Looking at the daily chart, we can see that Ethereum is attempting to rise towards its 100-day SMA after dropping a bearish candle the previous day. At this point, one could suggest that ETH moves lower to test the 100-day SMA before rising again.

Ethereum

Lastly, the RSI indicator’s RSI line is currently falling towards 50% of overbought territory, which indicates that ETH still has room to fall.

ETH price outlook

Ethereum is currently attempting a downward move towards its daily SMA, if it falls below it will continue its downward move towards the $2,865 support level. Additionally, a drop below the aforementioned level could lead to a further drop to test the $2,147 support level.

However, if ETH price touches the SMA and then bounces, it will head higher towards the $4,099 resistance level. Additionally, if it falls below this resistance line, it will continue to rise and test the $4,863 level. ETH A rise above the $4,863 level could lead to a new high.

At the time of writing, ETH was trading at around $3,694, up 0.41% with a market capitalization of over $443 billion and 24-hour trading volume of over $18 billion. The previous day’s market capitalization decreased by 2.97%, while trading volume increased by 39.28%.

Ethereum
ETH trading at $3,685 on 1D chart | Source: ETHUST on Tradingview.com

Featured image from iStock, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

CUDIS bets on longevity exercises by betting on wearable, AI and solana tokens.

June 8, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

CUDIS bets on longevity exercises by betting on wearable, AI and solana tokens.

June 8, 2025

VEXI Village unveils new features and events in June.

June 7, 2025

Solana Whale will not announce $ 17 million in four years. Should I worry?

June 7, 2025

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CUDIS bets on longevity exercises by betting on wearable, AI and solana tokens.

June 8, 2025

VEXI Village unveils new features and events in June.

June 7, 2025

Solana Whale will not announce $ 17 million in four years. Should I worry?

June 7, 2025
Most Popular

Ripple co-founder Chris Larsen donated $1 million in cryptocurrency to a PAC supporting Kamala Harris’ campaign.

October 12, 2024

Usdx.money has secured $45 million in new funding at a $275 million valuation.

December 2, 2024

NASA’s next deep space mission won’t use artificial intelligence

April 14, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.