Ethereum Price Nears Critical 100-Day SMA – Will It Break Through?
Ethereum (ETH) has been on a slow and steady upward trajectory, closer to the crucial technical indicator: the 100-day simple moving average (SMA). This level is not just a row on the chart, it is bull and bears, usually decide on the next big move. As ETH approaches this critical resistance, there is a stumbling block to whether this will catalyze ongoing rally or tripping that triggers a callback.
A 100-day SMA is a widely followed indicator that reflects medium-term trends, and its significance cannot be exaggerated. For Ethereum, exceeding this level could reignite bullish sentiment and pave the way for higher target targets. On the other hand, rejection may be further merge Even retesting lower support levels
Ethereum price struggle: Can the Bulls gain momentum?
Ethereum has been facing an uphill battle as it slowly climbs toward a 100-day SMA. Despite attempts recoverthe price has been struggling to get a strong upward movement, and the resistance level limits its movement. Buyers showed interest in the key support zones, preventing further declines, but the lack of sustained quantity and belief kept ETH from breaking higher.
The MACD indicator hints at a potential momentum shift in Ethereum price action. Although the MACD and signal lines have crossed and approached the neutral line, there is still a lack of confirmed bullish crossover. Furthermore, the narrow histogram shows from Bearish Neutral or bullish, but further confirmation is required to continue moving upward.
To keep Ethereum bullish, the MACD line and signal line need to rise to average, accompanied by histogram rods in the front area. If this happens, it can increase the upward momentum. However, failure to achieve a breakthrough will leave Ethereum vulnerable to consolidation or downside actions.
A successful breakthrough means
A breakthrough above the 100-day SMA will be a strong bullish confirmation for Ethereum, signaling upward momentum And shifting market sentiment is beneficial to buyers. The move will show that Ethereum has overcome key technological barriers and has the potential to attract more investors and traders who want to take advantage of the uptrend.
If the breakout volume increases and strong follow-up, Ethereum can turn its sights to a resistance level of $2,160. Successful pushes beyond this level may increase the likelihood of higher price appreciation for other prices Resistance levelfor example $2,858 and $3,360.
But if Ethereum fails to reach a breakthrough above the critical resistance level, it could face new sales pressures, bringing the new down to $1,523 Support area. Historically, this level has been a key area of demand and buyers may try to prevent further shortcomings.
