Share this article
Ether's Failure to Break Through 100-Day Price Average Clouds Bullish Outlook
The cryptocurrency's trajectory is suddenly in doubt after it failed to push past a key technical threshold on price charts.
Updated May 11, 2023, 6:43 p.m. Published Aug 2, 2022, 3:26 p.m.
Make us preferred on Google
On Tuesday, ether (ETH) was on the defensive, approaching an uptrend line representing the recent recovery rally.
At press time, the second-largest cryptocurrency traded 3% lower on the day at $1,575. The decline follows late last week's buyer failure to establish a foothold above the 100-day simple moving average, then placed at around $1,750.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
A breakdown of the rising trend-line support would imply an end of the corrective bounce from under $1,000 and shift focus to $1,356, the support of the higher low printed on June 26. Below that, $1,000 could be the level where buyers may step in, putting a floor under prices.
A drop to $1,000 could be seen if the daily-chart moving average convergence divergence (MACD) histogram drops below zero, indicating a bearish shift in momentum, according to Katie Stockton, a chartered market technician and founder and managing partner at Fairlead Strategies. Traders use the MACD histogram to identify trend changes and trend strength. Currently, the MACD is barely holding above zero.
A case for an extended relief rally will strengthen if prices retake recent highs above $1,700 and the weekly chart MACD histogram confirms a positive crossover. While the weekly MACD teased a so-called buy signal or crossover above zero as of this writing, the indicator needs to hold the same through Sunday's UTC close to confirm a trend reversal higher.
"If ether clears $1,733 decisively and confirms a weekly MACD 'buy' signal, that would support an extended relief rally, with secondary resistance near the 200-day MA," Stockton wrote in the weekly market note shared with CoinDesk on Monday.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Fed rates decision, Tesla earnings, Bybit roadmap: Crypto Week Ahead
Your look at what's coming in the week starting Jan. 26.
What to know:
You are reading Crypto Week Ahead: a comprehensive list of what's coming up in the world of cryptocurrencies and blockchain in the coming days, as well as the major macroeconomic events that will influence digital asset markets. For an updated daily email reminder of what's expected, click here to sign up for Crypto Daybook Americas. You won't want to start your day without it.
Top Stories
