Ethereum Price Approaches Critical 100-Day SMA

Ethereum Approaches Critical 100-Day SMA Resistance

• Ethereum is nearing the 100-day Simple Moving Average (SMA), a key technical indicator.
• The MACD indicator suggests a potential momentum shift, but confirmation is pending.
• A breakout above the 100-day SMA could target resistance levels at $2,160, $2,858, and $3,360.
• If rejected at the SMA, Ethereum may test lower support around $1,523.

Ethereum’s approach to the critical 100-day SMA could lead to significant price movements. A successful breakout might target higher resistance levels like $2,160, while failure may result in testing the $1,523 support zone.