The ETH price has recently tested the 200-day Simple Moving Average (SMA), rebounded, and is currently assessing the 100-day SMA. A significant resistance level lies at 1'640; if breached, this could propel the price towards 1'680. Conversely, a breach of the 200 SMA might lead to a descent to 1'600. At the moment, I am inclined towards the bullish scenario.
