Ethereum is trading above the 100-hour Simple Moving Average

Well, the price of Ethereum has not changed much. The important thing right now is that Ethereum is trading above the 100-hour Simple Moving Average. Know that this line can also act as a resistance. It has been trading below the $1,251 line in the last few hours, which is not a good sign for those waiting for its growth. The upcoming resistances in case of breaking $1,251 are $1,272, $1,309, and $1,320, respectively. But on the opposite side, if the price continues its downward trend and breaks the $1,227 support, that's when the lower supports will wait for it! Be careful that any action to reach these supports and resistances can cause a price reaction. So, price stability is very important compared to the ranges to enter the short and long trades.