Ethereum Price Forecast for Dec 12: Why This SMA Level Is ETH’s Make-or-Break Line
Ethereum's next move hinges on a single technical line in the sand.
The SMA Showdown
Forget the noise—traders are laser-focused on whether ETH can defend a critical moving average. A clean hold above this level signals bullish consolidation. A breakdown? That opens the door to a sharper correction. The chart doesn't lie, and right now, it's shouting a warning.
Market Mechanics at Play
Volume tells the real story. Watch for a surge in buying pressure at the SMA—or a lack thereof. Institutional flows and on-chain data are the hidden currents beneath the price surface. Smart money isn't guessing; it's positioning based on this precise pivot point.
The Bigger Picture
This isn't just about a line on a chart. It's a test of market structure and conviction. A successful defense here could fuel the next leg up toward yearly highs. Failure would force a reassessment of the entire near-term bullish thesis—another reminder that in crypto, support levels are just polite suggestions until proven otherwise.
Ethereum must stay above the key SMA level to maintain bullish momentum, with mixed futures flows indicating volatility. ethereum (ETH) has seen a 1.2% increase in the last 24 hours, pushing its price to $3,235.25.
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