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

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.

Independent market analyst “Bluntz” argues that the curvy level would also serve as a strong price floor for Ether where accumulation is likely. 

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He notes:

“BTC has bottomed 4x at the 200wma dating back to 2014. [Probably] safe to assume it’s a pretty strong level. Sure we can wick below it, but there [are] also six days left in the week.”ETH/USD weekly price chart. Source: TradingView

Currently, ETH/USD is

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