Ethereum Price Nears Critical 100-Day SMA – Will It Break Through?

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Ethereum Price Nears Critical 100-Day SMA – Will It Break Through? - NewsBTC

Quick Summary:

A successful push above this level may increase the likelihood of more price appreciation toward other resistance levels, such as $2,858 and $3,360. However, if Ethereum fails to achieve a breakout above the key resistance level, it could face renewed selling pressure, leading to a fresh decline toward the $1,523 support zone.

What A Successful Breakout Means A breakout above the 100-day SMA would serve as a strong bullish confirmation for Ethereum, signaling renewed upward momentum and shifting market sentiment in favor of buyers.

Related Reading: Ethereum Price Recovery Capped—Bulls Struggle Near Resistance The MACD indicator hints at a potential momentum shift in Ethereum’s price action.