Ethereum Price Prediction: ETH Crypto Tests 100W SMA and $3,400 Target

Key Insights:

• Ethereum price tested the $2,800 resistance zone after breaking above the key $2,464 market structure level.
• ETH crypto weekly close above the 100-week SMA could open the path toward the $3,400 resistance area.
• ETH could retest the $2,550 support zone if price fails to hold above the 100-week SMA.

Ethereum price traded near $2,750 on Sept. 23 after testing the $2,800 area during its latest recovery.

CoinGecko showed ETH around $2,749, with a seven-day trading range extending as high as $2,804.42. The cryptocurrency gained about 13.9% over the same period.

The supplied weekly chart places Ethereum just below its 100-week simple moving average near $2,762. A weekly close above that area would strengthen the technical structure, while rejection could shift attention back toward the $2,550-$2,560 support region.

Ethereum Price Tests the 100-Week SMA

ETH crypto reached about $2,807 before pulling back toward $2,725 to $2,730. The move brought price directly into a major weekly resistance cluster. The 100-week SMA sits near $2,762, while the chart marks another resistance level around $2,800.

Ted Pillows said Ethereum price weekly close will help define the next move. His chart places the 100-week EMA near $2,559. ETH crypto currently holds above that faster support line. A close above the 100-week SMA would strengthen the case for continued recovery toward the upper resistance zone.