Ethereum Rebounds Above 20-Day SMA, Eyes $3,300 Target

2025-12-15 19:12

Ethereum (ETH) has climbed back above its 20-day simple moving average (SMA) at $3,085, signaling a potential bullish trend. Currently priced at $3,144.21, ETH has decreased by 1.2% over the past 24 hours but has gained 10.8% over the last two weeks. The cryptocurrency's price recovery from the lower Bollinger Band to near the upper band suggests reduced selling pressure. Analysts indicate that if Ethereum maintains its position above the $3,000 mark, it could potentially rise to between $3,300 and $3,400. However, a decline below this threshold might see the price target shift towards $2,800.

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