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

Conclusion

Ethereum’s price action is currently at a crucial juncture as it approaches the 100-day SMA. The outcome of this battle between bulls and bears will likely determine the next major move for ETH. A successful breakout above this key resistance level could signal a renewed uptrend, with potential price targets at $2,160, $2,858, and $3,360. On the other hand, a failure to break higher could lead to a retest of lower support levels, with $1,523 being a critical area to watch.

Traders and investors are advised to closely monitor Ethereum’s price action and key technical indicators for confirmation of a sustained move in either direction. As always, risk management and proper analysis are essential in navigating the volatile cryptocurrency markets.