Ethereum Defies Gravity But It Must Clear 100 SMA To Continue Higher

Ethereum Defies Gravity But It Must Clear 100 SMA To Continue Higher

Ethereum 13

Ethereum found support near $218 and started a sharp recovery wave against the US Dollar. ETH price is now facing hurdles near the $234 level and the 100 hourly SMA.

  • Ethereum is up around 4% and it recovered nicely above $225 and $230.
  • The price is currently struggling to gain pace above $234 and the 100 hourly simple moving average.
  • There is a short-term ascending channel forming with support…

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