Ethereum (ETH) has had a slow and steadily upward route and comes closer to a crucial technical indicator: the 100-day simple advancing average (SMA). This level is more than just a line on a graph – it is an important battlefield for bulls and bears, which often dictate the next major movement. As ETH approaches this critical resistance, speculation arises as to whether this can catalyze a persistent rally or a stumbling block that causes a withdrawal.
The 100-day SMA is a generally followed indicator that reflects the trend in the medium term, and its meaning cannot be overestimated. For Ethereum, breaking above this level could accommodate the bullish sentiment again, so that the road is cleared for higher price goals. On the other hand, a rejection can lead to further consolidation or even a retest of lower support levels
Ethereum -Prize struggle: Can bull Momentum get?
Ethereum is confronted with a heavy battle while it is slowly climbing in the direction of the 100-day SMA. Despite attempts to recover, the price has difficulty getting a strong upward movement, with resistance levels that cover his movements. Buyers have shown interest in important support zones, which prevents further falls, but a lack of sustainable volume and conviction has prevented ETH from breaking it higher.
The MACD indicator indicates a possible momentum shift in the Ethereum price action. Although the MacD and signal lines have been crossed and the zero line is approaching, there is still a confirmed bullish crossover. In addition, the narrowing histogram suggests a transition from bearish to neutral or bullish, but further confirmation is needed for a persistent upward movement.
To maintain Ethereum a bullish, the MACD line and the signal line must rise above average, accompanied by the expansion of histogram staves in the positive zone. If this happens, this can strengthen the upward momentum. However, not reaching a breakout makes Ethereum vulnerable to consolidation or a close movement.
Which means a successful outbreak
A breakout over the 100-day SMA would serve as a strong bullish confirmation for Ethereum, signaling of renewed upward impulse and shifting market sentiment in favor of buyers. This step would suggest that Ethereum has conquered an important technical barrier, which may want to benefit more investors and traders to the uprising.
Ethereum could set his sights at the resistance level of $ 2,160 if the outbreak is maintained with an increased volume and a strong continuation. A successful push above this level can increase the chance of more price rating for other resistance levels, such as $ 2,858 and $ 3,360.
However, if Ethereum does not reach an outbreak above the most important resistance level, this can be confronted with renewed sales pressure, which leads to a new fall in the direction of the $ 1,523 support zone. Historically, this level has an important area of demand, where buyers could try to prevent further disadvantage.
