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Ethereum is Struggling Near $400, But 100 SMA Could Trigger Bullish Break

Ethereum recovered above the $380 and $385 resistance levels against the US Dollar. ETH price is struggling to clear the $400 resistance, but it is holding the key 100 SMA (H4).

🔻ETH price is trading well above the $360 and $375 resistance levels against the US Dollar.

🔻The price traded to a new weekly high at $395 and it is above the 100 simple moving average (4-hours).

🔻There is a key bullish trend line forming with support near $374 on the 4-hours chart of ETH/USD (data feed via Kraken).

🔻The pair is likely to continue higher above $400 as long as it is above the 100 SMA (H4).

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