Ether price finds support near 100-day SMA as market sentiment turns bullish

Recent price action in Ether has found support near the key 100-day moving average as market sentiment has shifted from bearish to bullish. Ether has started a bullish retracement and has now reached a key resistance area in preparation for the next move. Technical analyst Shayan analysed that the daily chart of Ether shows a change in market sentiment, with the 100-day moving average at $2,225 providing strong support. Meanwhile, Ether has rallied, with prices pushing towards key resistance zones, including the lower boundary of the expanding wedge pattern and the static price area at $2,600. If Ether breaks above this key resistance, it could signal a new round of bullishness and increased market volatility. Therefore, Ether's price action around this key area is crucial in determining the cryptocurrency's future trend.