Ethereum’s 300-Week MA: A Historical Look at Potential Price Rebounds

Ethereum’s recent dip below the $2,000 psychological barrier follows a broader market correction. While short-term sentiment remains cautious, a compelling technical analysis offers a bullish outlook.

A Rare Technical Event

Prominent crypto analyst, CryptoBullet, highlighted Ethereum’s second-ever touch of the 300-week moving average (300-WMA). The first instance occurred in June 2022, coinciding with a market crash that saw ETH plummet to $880. This time, the touch happened in March 2025, amidst continued price struggles above $2,000.

Historical Precedent

The June 2022 300-WMA touch marked the start of a significant recovery. Ethereum’s price surged over 140% in the following eight weeks, exceeding $2,100 before another correction. This historical precedent fuels speculation about a potential repeat performance.

Bullish Predictions and Cautious Considerations

CryptoBullet views the 300-WMA as a crucial support level, predicting a bounce to $2,900-$3,200. However, sustained downward pressure could negate this bullish projection. The current bearish sentiment necessitates reclaiming the $2,000 mark for a sustainable upward trend.

A concerning factor is the possibility of Ethereum closing March below the 3-month Bollinger Bands (currently around $2,000). This bearish signal could significantly impact the price. The coming weeks will be crucial in determining whether CryptoBullet’s analysis holds true or if further corrections are in store.

Conclusion

Ethereum’s interaction with the 300-WMA presents a fascinating case study. While historical patterns offer clues, the cryptocurrency market’s volatility necessitates caution. Monitoring the price action around $2,000 and the 3-month Bollinger Bands will be key in gauging the near-term trajectory of Ethereum’s price.

At the time of writing, Ethereum trades at $1,907, down 5.82% in the past 24 hours. Data sourced from Tradingview.com.