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

  • Ethereum (ETH) is approaching the crucial 100-day Simple Moving Average (SMA), a key battleground for bulls and bears.
  • Breaking above the 100-day SMA could reignite bullish sentiment and pave the way for higher price targets.
  • However, if Ethereum fails to break out, it may face renewed selling pressure and decline to the $1,523 support zone.
  • A successful breakout would confirm renewed upward momentum and attract more investors to capitalize on the uptrend.

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