{"id":154254,"date":"2023-09-12T14:58:37","date_gmt":"2023-09-12T09:28:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/eth-price-sweeps-march-levels-as-dormant-ether-moves-crypto-news\/"},"modified":"2023-09-12T14:58:39","modified_gmt":"2023-09-12T09:28:39","slug":"eth-price-sweeps-march-levels-as-dormant-ether-moves-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eth-price-sweeps-march-levels-as-dormant-ether-moves-crypto-news\/","title":{"rendered":"ETH Price Sweeps March Levels As Dormant Ether Moves &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Ethereum price extended the down leg below the previous support at $1,600 \u2013 a move that saw declines sweep through levels seen last in March. The leading smart contracts token traded new weekly lows of $1,540 before launching an ongoing rebound seeking to reclaim the ground above $1,600.<\/p>\n<h2>Dormant ETH Finally On The Move<\/h2>\n<p>The sell-off on Monday also coincided with a spike in the movement of previously dormant tokens away from old wallets. According to the Age Consumed on-chain metric by\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1701471278207819864\">Santiment<\/a>, there was a noticeable increase in the most dormant ETH over three months.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>\u201cA continued dip in mean $ age while prices drop is a capitulation sign, which foreshadows reversals.\u201d<\/p>\n<figure id=\"attachment_159002\" aria-describedby=\"caption-attachment-159002\" style=\"width: 2710px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Age-C-ETH.jpg\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-159002\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Age-C-ETH.jpg\" alt=\"Ethereum Age Consumed Metric\" width=\"2710\" height=\"1509\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Age-C-ETH.jpg 2710w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Age-C-ETH-300x167.jpg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Age-C-ETH-1224x682.jpg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Age-C-ETH-768x428.jpg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Age-C-ETH-1536x855.jpg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Age-C-ETH-2048x1140.jpg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Age-C-ETH-150x84.jpg 150w\" sizes=\"auto, (max-width: 2710px) 100vw, 2710px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-159002\" class=\"wp-caption-text\">Ethereum Age Consumed Metric | Santiment<\/figcaption><\/figure>\n<p>The rollback to March price levels could attract more long traders, who by taking advantage of the dips, are targeting short-term profits as ETH price rebounds to close the gap to $2,000. This uptake of Ethereum means fresh momentum is brewing for the next rally, first above $1,600 then to $1,800, and later to $2,000.<\/p>\n<p>A sustained break past $2,000 could signal the start of a much-awaited bull market in 2024 going into 2025.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>This current bullish outlook cannot be depended on until\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/eth-price-heading-to-1000-if-it-drops-under-this-level-will-ethereum-etf-save\/\">ETH price<\/a>\u00a0clocks highs above the lower ascending trendline or closes the day beyond the pivotal $1,600 level.<\/p>\n<figure id=\"attachment_159003\" aria-describedby=\"caption-attachment-159003\" style=\"width: 1233px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-12_12-18-53.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-159003\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"ETH price chart\" width=\"1233\" height=\"557\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-12_12-18-53.png 1233w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-12_12-18-53-300x136.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-12_12-18-53-1224x553.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-12_12-18-53-768x347.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-12_12-18-53-150x68.png 150w\" data-lazy-sizes=\"(max-width: 1233px) 100vw, 1233px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-12_12-18-53.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-159003\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-12_12-18-53.png\" alt=\"ETH price chart\" width=\"1233\" height=\"557\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-12_12-18-53.png 1233w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-12_12-18-53-300x136.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-12_12-18-53-1224x553.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-12_12-18-53-768x347.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/ETHUSD_2023-09-12_12-18-53-150x68.png 150w\" sizes=\"auto, (max-width: 1233px) 100vw, 1233px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-159003\" class=\"wp-caption-text\">ETH\/USD daily chart | Tradingview<\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Upholding support at $1,600 could help ease the potential selling pressure likely to follow the confirmation of a death cross pattern. This bearish chart formation occurs with a short-term moving average such as the 50-day EMA (red) crosses below a long-term one like the 200-day EMA (purple).<\/p>\n<p>The death cross adds credence to the bearish outlook, implying that sellers have the upper hand and the ongoing downtrend is far from over.<\/p>\n<p>Unless investors put the fear of uncertainty aside and rally behind Ethereum, the Money Flow Index (MFI) will drop into the oversold region, which will validate another sell-off to $1,450.<\/p>\n<h2>Will ETH Price Drop To $1,000 Before The Bull Market?<\/h2>\n<p>Analysts at\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.matrixport.com\/institutions\/research\/daily-insights\/693\">Matrixport in their latest report<\/a>\u00a0on the performance of altcoins, said that \u201cwith Ether being close to the psychologically important $1,600 level, a break could carry prices lower, especially as revenue growth disappoints.\u201d<\/p>\n<p>The longer the price stays below the $1,600 level, the higher will increase the chances of another sell-off trimming gains and forcing investors to capitulate. Matrixport believes it is too early to rule out a potential drop to $1,000 \u2013 \u201ca level that would appear justified based on the revenue projection from the Ethereum ecosystem.\u201d<\/p>\n<h3>Related Articles<\/h3>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/eth-price-rollercoaster-dips-sweep-march-levels-1000-ethereum-incoming\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/eth-price-rollercoaster-dips-sweep-march-levels-1000-ethereum-incoming\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA159000\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>John is a renowned crypto analyst and journalist, providing expert insights into both broad and focused aspects of the digital asset market. As a steadfast reporter, he keeps his audience updated with the latest news in the crypto sphere, delving into topics such as price trends, on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the ever-evolving metaverse.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD159000\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? 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The leading smart contracts token traded new weekly lows of $1,540 before launching an ongoing rebound seeking to reclaim the ground above $1,600. Dormant ETH Finally On The Move The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":154255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-154254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=154254"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154254\/revisions"}],"predecessor-version":[{"id":154256,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/154254\/revisions\/154256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/154255"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=154254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=154254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=154254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}