Ethereum at a Critical Turning Point Near Key Support

[nihalsari]

Ethereum is currently trading around $2,355, sitting right on its 100-day EMA—a level that often acts as a key battleground between buyers and sellers. Structurally, the trend still looks bullish, with ETH moving inside an ascending channel since late February.

One of the strongest bullish signals comes from the Smart Money Index (SMI), which tracks institutional behavior. The indicator has remained above zero and continues rising, suggesting that experienced market participants are positioning for further upside.

If Ethereum holds this level and pushes higher, it could confirm continued bullish momentum. But the next move will be crucial, as the market is approaching a decisive zone that could define the short-term trend.

[lingriiddd]

bullish structure right up until it randomly dumps, classic.