Ethereum Price Prediction: ETH Price Retraced Toward 200-day EMA; Opportunity To Buy?
ETH price fell for the third session in a row. The price recovered from the lows and manages to trade above $3,300. Further, if the price holds above the critical 200-day EMA, it could be a hint for the next Bull Run.
- ETH price trades lower with modest losses.
- A retracement toward the 200-day EMA could be a stepping stone for the next run-up.
- The momentum oscillators turn neutral warning of aggressive bids.
As of press time, ETH/USD is trading at $3,341, down 1.92% for the day. The second-largest cryptocurrency is holding the 24-hour trading volume at $22,050,910,385 as per the CoinMarketCap.
ETH price trades downside

On the daily chart, the ETH price retraced from the swing highs of $3,581.60 made on April 3. Since then the price witnessed a descent of 9%. Currently, ETH trades near the critical resistance-turned-support level at around $3,300.
Now, a sustained bearish pressure will result in a pullback of the prices. Traders could find immediate support near the 200-day EMA (Exponential Moving Average) at $3,170.
The selling could intensify toward the horizontal support level at $3,000 if the price breaks the mentioned support level.
On the contrary, a spike in buy orders would reverse the prevailing trend in the asset. In that case, the ETH price keeps eye on the recent highs near $3,550.
An acceptance above $3,550 would set the ground for the next leg up in ETH.
Technical indicators:
RSI: The daily Relative Strength fell below the average line on April 4. Currently, it reads at 59. Any downtick in the indicator would strengthen the bearish outlook.
MACD: The Moving Average Convergence Divergence holds above the midline but with receding bullish momentum.
Trading volumes: The volume oscillator hovers toward the oversold zone.
- Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role
- Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms
- Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing
- Trump Tariff Tensions Ease as U.S. and China Hold Positive Trade Talks Ahead of Oct 30 Summit
- Polymarket Hits $20B in Trading Volume, Announces Plans for Massive POLY Token Airdrop
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?