Ethereum Showing Early Signs of Strong Recovery But 100 SMA Is The Key

Ethereum Showing Early Signs of Strong Recovery But 100 SMA Is The Key

Ethereum is holding the main $200 and $198 support levels against the US Dollar. ETH price is currently testing the 100 hourly SMA and struggling to continue higher above $205.

Ethereum is facing a strong resistance near the $205 level and the 100 hourly SMA.
The price is likely to accelerate higher if it breaks the $205 resistance zone.
There was a break above a key bearish trend line with…

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