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Ethereum (ETH) was on a slow and regular ascending trajectory, approaching a crucial technical indicator: the single movable average of 100 days (SMA). This level is more than a simple line on a graph – it is a key battlefield for bulls and bears, often dictating the next major movement. While the ETH approaches this critical resistance, speculations on the question of whether it could catalyze a sustained rally or stumbling block which triggers a withdrawal.
The 100 -day SMA is a widely followed indicator that reflects the medium -term trend, and its meaning cannot be overestimated. For Ethereum, the rupture above this level could revive the bullish feeling, opening the way to higher price objectives. On the other hand, a rejection can lead to additional consolidation or even a lower level of support levels
Ethereum faced a difficult battle as it slowly climbs to the 100 -day SMA. Despite the recovery attempts, the price was struggling to gain a strong rise in the rise, the levels of resistance capping its movements. Buyers have expressed interest in key support areas, preventing additional declins, but a lack of volume and conviction sustained prevented the ETH from breaking.
The MacD indicator suggests a potential change in momentum in the action of Ethereum prices. While the MacD and Signal lines have crossed and approach the zero line, a confirmed bullish crossing is still lacking. In addition, the narrowing histogram suggests a transition from neutral or optimistic lowering, but additional confirmation is necessary for a sustained high movement.
So that Ethereum supported a bull movement, the MacD line and the signal line must exceed the average, accompanied by an extent of histogram bars in the positive area. If this happens, it could strengthen the momentum upwards. However, failure to make an escape makes Ethereum vulnerable to consolidation or a downward movement.
An escape above the 100-day SMA would serve as a solid bullish confirmation for Ethereum, signaling a boost renewed and a feeling of market change in favor of buyers. This decision would suggest that Ethereum has overcome a key technical barrier, potentially attracting more investors and traders who seek to capitalize on the upward trend.
Ethereum could target the level of resistance of $ 2,160 if the break is maintained with increased volume and strong followed. A successful thrust above this level can increase the probability of more appreciation of prices towards other levels of resistance, such as $ 2,858 and $ 3,366.
However, if Ethereum does not reach a break above the level of key resistance, it could face a renewed sale pressure, resulting in a new drop to the support zone of $ 1,523. This level has historically acted as a key demand area, where buyers could try to prevent the drawbacks more.
post url: https://altcoin.observer/ethereum-price-approaches-a-critical-sma-at-100-days-will-he-unravel/