Ethereum Above 100 SMA Could Trigger A Sharp Relief Rally

Ethereum Above 100 SMA Could Trigger A Sharp Relief Rally

Ethereum 6

Ethereum is recovering higher and trading above the $335 resistance against the US Dollar. ETH price is likely to accelerate higher if it clears the $360 level and the 100 hourly SMA.

  • Ethereum is slowly recovering above the $335 and $340 resistance levels.
  • The price is still facing a major resistance near $360 and the 100 hourly simple moving average.
  • There was a break above a major bearish trend…

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