Crypto News

Ethereum price falls below 4-hour SMA The recent dip in Ethereum's price has caused concern among traders and investors, as it signals a potential shift in short-term market momentum. Many are closely watching the 4-hour SMA, a popular technical indicator used to track price trends in the cryptocurrency market. What is the 4-hour SMA and why is it important? The 4-hour SMA, or Simple Moving Average, is a technical indicator that calculates the average price of an asset over a specific time period. It is commonly used by traders and investors to identify trends and potential entry or exit points in the market. When the price of an asset falls below the SMA, it can signal a potential downtrend or weakness in the market. What does this mean for Ethereum? For Ethereum, falling below the 4-hour SMA could suggest a short-term decline in price. However, it's important to note that technical indicators are not always accurate and should be used in conjunction with other fac...